Dow Kokam’s Chief Executive Officer Ravi Shanker was joined by Vice President Joe Biden, Michigan Governor Jennifer Granholm, The Dow Chemical Company Chairman and CEO Andrew Liveris and others at a groundbreaking ceremony in Midland, Michigan for Dow Kokam’s new advanced, large-format battery production facility. The facility will produce lithium-ion batteries to supply the growing electric vehicle (EV) and hybrid electric vehicle (HEV) market.
Dow Kokam envisions an 800,000 square-foot, large-format battery manufacturing facility that will be developed in two overlapping construction phases. When complete, the facility will employ nearly 800 people, and have the capacity to manufacture 1.2 billion watt hours of large-format lithium-ion batteries—enough to power 60,000 fully electric or hybrid electric vehicles annually, (assuming a 20 kWh battery system). The first phase of construction, supported by a $161 Million Department of Energy (DOE) Recovery Act grant, has a targeted capacity of 600 million watt hours and will employ up to 320 people at steady state.
Dow Kokam has committed to spend $322 million for the first phase of construction. In August 2009, the DOE awarded Dow Kokam $161 million dollars in federal grants as part of the American Recovery and Reinvestment Act (ARRA) to build the production facility.
Dow Kokam was established in 2009 to develop and manufacture advanced energy storage technologies for the transportation and other industries. The company is owned by The Dow Chemical Company, TK Advanced Battery LLC and Groupe Industriel Marcel Dassault.