Ninety-five million dollars of stimulus money is going to build a lithium-ion battery factory in Jacksonville, Florida. The total estimated cost of the project is around $200 million, and it will bring roughly 279 jobs to the area during the next six years.
Saft's new facility will be a high-volume manufacturing plant building advanced Li-ion cells and batteries for military hybrid vehicles, aviation, smart grid support, broadband back-up power and energy storage for renewable energy.
Construction is scheduled to commence within the next few months and be completed before the end of 2010. The presence of this state-of-the-art manufacturing facility ensures that competitive battery solutions will be imminently available to the U.S. and world markets from the Jacksonville facility.