With 150 permanent operating jobs announced, this project clears AFT's 100-permanent-job threshold (AFT includes any project meeting $100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →The battery manufacturing context.
Battery manufacturing has become one of the largest concentrations of new industrial investment in the United States. A network of cell plants is taking shape across the Midwest and Southeast, connecting automakers, battery producers, critical-material suppliers and energy-storage markets. Federal production incentives have accelerated that build-out, while the next test will be whether announced capacity converts into sustained domestic production.
At a glance
- Company
- Factorial Energy
- Industry
- Battery Manufacturing
- Location
- Methuen, Massachusetts
- Investment
- $50.0M
- Permanent jobs announced
- 150
- Status
- Operational
- Announced
- Oct 23, 2023
- Operations began
- Jan 1, 2024
- Added to tracker
- Feb 27, 2026
Official references
- Primary source https://www.businesswire.com/news/home/20231023929129/en/Factorial-Energy-Opens-New-Manufacturing-Facility-to-House-Largest-Solid-State-Battery-Line-in-the-US
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- Battery ManufacturingHyundai-LG Energy SolutionBryan County, Georgia$4.30B3,400 jobs
- Battery ManufacturingGM–Samsung SDINew Carlisle, Indiana$3.50B1,600 jobs