NOVONIX Finalizes Purchase and Sale Agreement for Enterprise South Land
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Source: Globenewswire
Acquisition Announcement: NOVONIX Limited has finalized an agreement to purchase a 182-acre site in Chattanooga, Tennessee for approximately $5 million, which will be developed into its second high-performance synthetic graphite facility, expected to create 450-500 jobs and achieve an initial production capacity of 31,500 tonnes per annum.
Community Collaboration and Benefits: The company is expanding its partnership with local schools to provide career-focused learning opportunities in the battery industry and anticipates receiving about $54 million in tax benefits over 15 years from local government, contingent upon meeting specific conditions related to a loan from the U.S. Department of Energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
