A battery materials company plans to build the world’s first lithium-sulfur battery gigafactory in Nevada.
Lyten, a California-based startup, said it will invest more than $1 billion in a project that will be able to produce up to 10 gigawatt-hours of lithium-sulfur batteries annually. The first phase is expected to be online in 2027, according to the company.
“Lithium-sulfur is a leap in battery technology, delivering a high energy density, light weight battery built with abundantly available local materials and 100% U.S. manufacturing,” said Dan Cook, Lyten co-founder and CEO, in a news release this week.
Compared with lithium-ion batteries, lithium-sulfur batteries are lighter and can be produced at a lower cost using local materials, Lyten said. On its website, Lyten says the company’s lithium-sulfur battery is “the lowest carbon footprint battery on the planet,” citing in parts its use of renewable power for manufacturing operations.
