Governor Pritzker Announces Illinois Manufacturer Richardson Electronics, Ltd. to Expand Operations in Kane County, Produce Battery Energy Storage Systems
Richardson Electronics (NASDAQ:RELL) has announced a significant expansion of its manufacturing operations in La Fox, Illinois, with a planned capital investment of $8.5 million over four years. The expansion, supported by the REV Illinois program, will focus on developing next-generation battery energy storage system (BESS) technologies for grid stability and renewable energy integration.
The company will retain 190 existing jobs and create 54 new full-time positions. The BESS technology development aims to address brownouts, reduce electricity costs, and support industries including manufacturing, healthcare, and critical infrastructure operations. Richardson Electronics will receive REV Illinois tax credits for their investment and job creation commitments.
Richardson Electronics (NASDAQ:RELL) ha annunciato una significativa espansione delle attività produttive a La Fox, Illinois, con un investimento di capitale pianificato di $8,5 milioni in quattro anni. L'ampliamento, sostenuto dal programma REV Illinois, sarà incentrato sullo sviluppo di tecnologie di prossima generazione per i sistemi di accumulo di energia a batteria (BESS) finalizzate alla stabilità della rete e all'integrazione delle energie rinnovabili.
L'azienda manterrà 190 posti di lavoro esistenti e creerà 54 nuove posizioni a tempo pieno. Lo sviluppo dei BESS mira a contrastare i cali di tensione, ridurre i costi dell'elettricità e sostenere settori come la manifattura, la sanità e le infrastrutture critiche. Richardson Electronics riceverà crediti d'imposta REV Illinois per l'investimento e gli impegni di creazione di posti di lavoro.
Richardson Electronics (NASDAQ:RELL) ha anunciado una importante expansión de sus operaciones de fabricación en La Fox, Illinois, con una inversión de capital planificada de $8.5 millones durante cuatro años. La expansión, respaldada por el programa REV Illinois, se centrará en desarrollar tecnologías de próxima generación para sistemas de almacenamiento de energía por baterías (BESS) destinadas a la estabilidad de la red e integración de energías renovables.
La compañía conservará 190 empleos existentes y creará 54 nuevos puestos a tiempo completo. El desarrollo de la tecnología BESS busca abordar las bajadas de tensión, reducir los costes eléctricos y apoyar sectores como la fabricación, la sanidad y las infraestructuras críticas. Richardson Electronics recibirá créditos fiscales del programa REV Illinois por su inversión y los compromisos de creación de empleo.
Richardson Electronics (NASDAQ:RELL)는 일리노이주 라폭(La Fox) 제조 시설을 크게 확장할 계획을 발표했으며, 향후 4년간 850만 달러($8.5 million)의 자본 투자를 계획하고 있습니다. REV Illinois 프로그램의 지원을 받는 이번 확장은 그리드 안정성 및 재생에너지 통합을 위한 차세대 배터리 에너지 저장 시스템(BESS) 기술 개발에 중점을 둡니다.
회사는 기존 190개의 일자리를 유지하고 54개의 신규 상근직을 창출할 예정입니다. BESS 기술 개발은 정전(전압저하) 문제 해소, 전기요금 절감, 제조업·의료·핵심 인프라 운영 등 다양한 산업 지원을 목표로 합니다. Richardson Electronics는 투자 및 고용 창출 약속에 대해 REV Illinois 세액공제를 받게 됩니다.
Richardson Electronics (NASDAQ:RELL) a annoncé une importante extension de ses opérations de fabrication à La Fox, dans l'Illinois, avec un investissement en capital prévu de 8,5 millions de dollars sur quatre ans. L'expansion, soutenue par le programme REV Illinois, portera sur le développement de technologies de nouvelle génération pour les systèmes de stockage d'énergie par batterie (BESS) afin d'assurer la stabilité du réseau et l'intégration des énergies renouvelables.
La société conservera 190 emplois existants et créera 54 nouveaux postes à plein temps. Le développement de la technologie BESS vise à remédier aux baisses de tension, à réduire les coûts de l'électricité et à soutenir des secteurs tels que la production, la santé et les infrastructures critiques. Richardson Electronics recevra des crédits d'impôt REV Illinois en contrepartie de son investissement et de ses engagements en matière de création d'emplois.
Richardson Electronics (NASDAQ:RELL) hat eine bedeutende Erweiterung seiner Fertigungsaktivitäten in La Fox, Illinois, angekündigt und plant eine Kapitalinvestition von $8,5 Millionen über vier Jahre. Die Expansion, unterstützt vom REV Illinois-Programm, konzentriert sich auf die Entwicklung von Next‑Generation‑Technologien für Batterie-Energiespeichersysteme (BESS) zur Netzstabilität und Integration erneuerbarer Energien.
Das Unternehmen wird 190 bestehende Arbeitsplätze erhalten und 54 neue Vollzeitstellen schaffen. Die Entwicklung der BESS-Technologie zielt darauf ab, Spannungseinbrüche zu verhindern, Stromkosten zu senken und Branchen wie die Fertigung, das Gesundheitswesen und kritische Infrastrukturen zu unterstützen. Richardson Electronics erhält REV Illinois-Steuergutschriften für seine Investitions‑ und Arbeitsplatzschaffungszusagen.
- Capital investment of $8.5 million demonstrates strong commitment to growth
- Creation of 54 new full-time jobs while retaining 190 existing positions
- Expansion into growing BESS technology market addresses critical energy infrastructure needs
- Government support through REV Illinois tax credits reduces expansion costs
- Significant capital expenditure of $8.5 million over four years may impact short-term financials
- Extended four-year investment timeline suggests delayed return on investment
Insights
Richardson Electronics' $8.5M expansion into battery storage systems represents strategic diversification into high-growth clean energy markets while creating 54 new jobs.
Richardson Electronics'
The expansion has both operational and financial implications. On the operational side, the company will retain 190 existing positions while creating 54 new full-time jobs, strengthening its manufacturing capabilities. Financially, the REV Illinois tax credits will partially offset the capital expenditure, improving the ROI timeline for this investment.
This move demonstrates Richardson's strategic diversification beyond its traditional engineered solutions and electronic components business into the rapidly expanding clean energy sector. The focus on long-duration energy storage technology addresses a critical market gap in grid stability solutions that support renewable energy integration. This positions Richardson to capture market share in an emerging sector with significant growth potential as utilities and businesses increasingly adopt storage solutions to manage intermittent renewable generation and power quality issues.
While the
LAFOX, Ill., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO), and Richardson Electronics, Ltd. (NASDAQ:RELL),– a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes and more – today announced the Company will expand its operations at its manufacturing headquarters in La Fox, Illinois. Richardson Electronics plans to make a capital investment of more than
“Here in Illinois, we’re committed to building a clean energy economy to help power our planet while supercharging the state’s economy,” said Governor JB Pritzker. “With unmatched infrastructure, a qualified workforce, and competitive incentives, Illinois continues to attract clean energy investments from companies like Richardson Electronics, creating new jobs for Illinoisans and strengthening our reputation as a leader in the clean energy economy.”
“Illinois continues to lead the way in clean energy innovation and advanced manufacturing, and Richardson Electronics’ expansion is a testament to that momentum,” said DCEO Director Kristin Richards. “Through the REV Illinois program, we support companies that are growing their footprint in our state, creating high-quality jobs, and advancing our transition to a clean energy economy here in Illinois.”
Richardson Electronics will build upon its existing alternative energy business to develop next-generation energy storage products that support electric grid stability. The Company will invest in equipment and structural upgrades in order to research, develop, and produce next-generation battery energy storage system (BESS) technologies at the Company’s Illinois manufacturing facility. These technologies are designed to address brownouts, reduce electricity costs, and support renewable energy integration, while demonstrating the commercial viability of long-duration energy storage (LDES). The Company’s BESS technology is being developed for industries such as manufacturing, healthcare, and critical infrastructure operations.
"We are proud to launch this energy storage system initiative, which reflects our continued commitment to innovation, community impact, and long-term growth," said Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions. "We extend our sincere thanks to Representative Dan Ugaste, Kane County board member Rick Williams, and the team at DCEO, for their leadership and steadfast support. Their partnership has been instrumental in making this project a reality for Richardson Electronics, our customers, and the people of Illinois.”
Richardson Electronics’ decision to expand their operations within Illinois builds upon the numerous manufacturing companies that have also recently chosen to establish or expand their business in the state, including Pure Lithium and Adient, due to the state’s skilled workforce, strong infrastructure and commitment to clean energy.
Guided by Illinois’ Economic Growth Plan, the REV Illinois program supports a targeted industry for the state – clean energy production and advanced manufacturing – which continues to grow with assistance from Illinois' leadership and their support of innovative technologies that reduce costs and emissions. As part of the State's incentive package, Richardson Electronics received a REV Illinois tax credit for their capital investment and commitment to job creation. The REV agreement also specifies the retention of 190 jobs for the entirety of the agreement period. A link to the full Richardson Electronics agreement can be found here.
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; CT X-ray tubes; and customized display solutions. More than
Richardson Electronics, Ltd. common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
About Richardson Electronics – Green Energy Solutions
Richardson Electronics Green Energy Solutions combines our key technology partners and engineered solutions capabilities to design and manufacture key products for the fast-growing energy storage market and power management applications. As a designer, manufacturer, technology partner, and authorized distributor, GES's strategy is to provide specialized technical expertise and engineered solutions using our core design engineering and manufacturing capabilities on a global basis. We provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. GES focuses on products for numerous green energy applications such as wind, solar, hydrogen, and electric vehicles and other power management applications that support green solutions such as synthetic diamond manufacturing. For more information, visit us at https://www.rell.com/greenenergysolutions/.
About Richardson Electronics – Power & Microwave Technologies
For over 75 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. The Power & Microwave Technologies group continues this legacy and complements it with new products from the world's most innovative technology partners. Richardson Electronics' Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at rellpower.com | relltubes.com | rellaser.com.
For Details Contact:
Greg Peloquin
Executive Vice President & GM
Power & Microwave Technologies and Green Energy Solutions
Phone: (630) 659-8900
peloquin@rell.com
40W267 Keslinger Road
LaFox, IL 60147-0393 USA
(630) 208-2200 | Fax: (630) 208-2550
FAQ
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