Redwood Materials spent about 3.5 billion U.S. dollars on the biggest battery project in the United States since 2022. The project is located in Charleston, in the state of South Carolina. The largest investments in battery projects since the Inflation Reduction Act in 2022 were in the states of Illinois, Michigan, and South Carolina.
Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location
(in million U.S. dollars)
Company (state)
Estimated capital expenditure in million U.S. dollars
Only includes projects in the top 20 percent areas in the United States ranked by feasibility score. Only includes projects announced or under construction.
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Rocky Mountain Institute. (July 30, 2024). Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location (in million U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/
Rocky Mountain Institute. "Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location (in million U.S. dollars)." Chart. July 30, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/
Rocky Mountain Institute. (2024). Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/
Rocky Mountain Institute. "Battery Manufacturing Projects Ranked by Largest Estimated Capital Expenditure in The United States between 2022 and 2024, by Company and Location (in Million U.S. Dollars)." Statista, Statista Inc., 30 Jul 2024, https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/
Rocky Mountain Institute, Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location (in million U.S. dollars) Statista, https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/ (last visited November 23, 2024)
Battery manufacturing projects ranked by largest estimated capital expenditure in the United States between 2022 and 2024, by company and location (in million U.S. dollars) [Graph], Rocky Mountain Institute, July 30, 2024. [Online]. Available: https://www.statista.com/statistics/1488154/united-states-battery-projects-by-capex-and-company/
