The Economic Development Authority of Western Nevada announced that Nanotech Energy, the world's leading manufacturer of graphene and the only producer of non-flammable, graphene-based batteries on the market, is expanding its operations to Storey County, with a new 517-acre, multiple building manufacturing facilities in the Tahoe Reno Industrial Center.
Graphene is carbon bound in a hexagonal honeycomb lattice. The thinnest material known to man at one atom thick, it is 200 times stronger than steel and very, very lightweight. It was first isolated in 2004 by Nobel prize-winning physicists Andre Geim and Konstantin Novoselov. Graphene is an excellent conductor of heat and electricity. As the properties and uses of graphene are being explored around the globe its uses are being felt in many fields: energy, telecommunications, electronics, sensors and imaging, and biomedical technologies.
Nanotech, a graphene pioneer, plans to a footprint in excess of one million square feet with multiple buildings in support of the company’s exponential U.S. and international expansion. The new campus is anticipated to bring more than 1,000 jobs to the region over the next five years, including a significant number of engineering and research positions. The first building is slated to open in the fall of 2022.
“The expansion of Nanotech Energy to Northern Nevada is a potential game-changer that aligns closely with our energy and economic development initiatives, bringing a significant number of high paying, engineering jobs to our community,” said Mike Kazmierski, EDAWN’s President, and CEO. “The future of generations to come depends on technological advances that harness renewable energy and implementation in products that have the potential to impact and benefit countless aspects of our lives. Nanotech Energy is leading this charge and I couldn’t be more excited to welcome them to Nevada.”
The high-volume facility will significantly increase Nanotech Energy’s manufacturing capacity to produce and scale its patented, non-flammable Graphene-Organolyte™ batteries and other graphene-powered products, including EMI (electromagnetic interference) shielding, transparent conducting electrodes, conductive inks, conductive adhesives, and silver nanowires.
“Nanotech Energy’s proprietary, graphene-based, nanotechnology overcomes the safety, limited storage capacity and recharge speed challenges of traditional lithium-ion batteries, and our new Northern Nevada facility will manufacture energy storage that will help power the world,” said Nanotech Energy Chairman, CEO, and co-founder, Dr. Jack Kavanaugh. “Nanotech Energy is the first and only producer to break the 50-percent content barrier by reaching 98-percent monolayer graphene, the wonder material that powers our products. We’ve already developed groundbreaking energy storage using technology that has the high capacity of a battery and the power performance of supercapacitors in a single solution.”
Nanotech Energy recently announced $64 million Series D funding at a $550 million post-Series D valuation. The Series D funding led by Taiwan’s largest financial services company, Fubon Financial Holding Co, brought the total amount of funding raised to date by Nanotech Energy to $94.9 million. The monies are expected to be used to launch the company’s new EU headquarters in Amsterdam and build the new industrial facility in Storey County.
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