NOVONIX announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility

NOVONIX, a developer of anode material for the lithium-battery market, announced plans to expand operations at its Chattanooga, Tennessee PUREgraphite facility. Plans for the project include creating 290 jobs and investing $160 million to address the need for a US-based lithium-ion battery supply chain, specifically for electric vehicles and similar storage applications. Economic development partners include EPB, Chattanooga Chamber of Commerce, City of Chattanooga, Hamilton County, and Tennessee Department of Economic and Community Development. This project helps to further TVA’s mission of service to improve the quality of life for the people of the Valley.