EV Battery Start-Up to Build Factory in Connecticut
BRIDGEPORT, CT—With $47.5 million in funding from the U.S. Department of Energy, new EV battery manufacturer Nanoramic Laboratories will build its first major factory here. The factory could eventually employ 200 or more people.
Nanoramic and its parent company FastCap Systems have been working on energy storage systems since 2009, based on the work of researchers at the Massachusetts Institute of Technology. Originally focusing on “ultracapacitors” that can store and discharge electricity much faster than standard batteries, the company extended its work in 2019 to EV applications.