Energy storage lithium-ion battery developer Microvast Holdings, has expanded its Colorado energy division to incorporate a new facility in the town of Windsor.
The new manufacturing plant provides nearly 100,000 square feet of production space, with â€œample room to add production lines for its ESS product as neededâ€, a statement said.
The location of the plant will enable Microvast to â€œoptimise its supply chain and reduce lead timesâ€, the statement added.
Zach Ward, president of the Microvast energy division. â€œThe Windsor facility is expected to be operational in 2023 and is poised to play a significant role in delivering superior energy storage systems to the fast-growing, utility-scale energy storage market, while boosting the local economy and creating more jobs here in Colorado.â€