Green New Energy Materials, Inc., a global leading battery component manufacturer based in Delaware, has selected Denver, North Carolina, as the location for its new lithium-ion battery separator manufacturing facility. The company will invest $140 million in the facility and will create 545 new jobs in Lincoln County once fully operational.
Established in 2023, Green New Energy Materials supplies dry, wet, and coated separator products across the globe. They provide customers such as LG, Samsung, SKI, AESC and Northvolt with advanced, high-performance battery separator products to meet various challenging battery application requirements. The North Carolina manufacturing facility will be the company’s first in the U.S. and will help them better serve their growing customer demand nationwide.
“Green New Energy Materials’ decision to build its newest lithium-ion battery separator manufacturing facility in North Carolina is another example of North Carolina being a great fit for companies in the EV battery industry,” said Christopher Chung, CEO of the Economic Development Partnership of North Carolina (EDPNC). “With the largest manufacturing workforce in the Southeast and an East Coast location offering easy access to supply chains and customers, Green New Energy Materials are sure to thrive here.”
In 2023, North Carolina saw an increase in clean energy projects, specifically with companies focused on the production of EVs and batteries, earning the moniker of the “Battery Belt.” The state saw projects from companies like Kempower, which announced it will invest $41 million for a new fast EV charging station production facility in Durham, creating 601 jobs in Durham County. Epsilon Advanced Materials, a global provider of synthetic graphite used in EV batteries, announced it will invest $649.9 million and create 500 new jobs for a synthetic graphic manufacturing facility outside of Wilmington. Dai Nippon Printing Co., a lithium-ion battery pouch manufacturer, also announced it will invest $233 million to build its first U.S. advanced manufacturing facility in Linwood, creating 352 new jobs in Davidson County.
Although wages will vary depending on the position, the average salary for Green New Energy Materials’ new positions will be $57,934, exceeding Lincoln County’s average wage of $51,886. The EDPNC worked with state and local entities, over five months, providing constant support to consulting teams, assisting in utilities discussions, and working with the North Carolina Department of Commerce on incentives.
The EDPNC would like to recognize the North Carolina Department of Commerce and other key partners involved in the successful execution of this project, including the North Carolina General Assembly, the North Carolina Community College System, Duke Energy, Commerce’s Division of Workforce Solutions, Lincoln County, and the Lincoln Economic Development Association.