U.S Battery Manufacturing Capacity to Expand with Ultion Technologies Receiving Series A Funding
Ultion Technologies, a U.S. pioneer in advanced lithium iron phosphate (LFP) battery cell technology and energy storage systems, has secured Series A funding to significantly scale up US battery manufacturing capacity. This investment, led by Torus and closed in July 2025, will more than fivefold the domestic production of LFP batteries in Nevada [1][2][3].
The funding aims to address America's critical battery supply chain vulnerability. Currently, over 70% of global battery production and 90% of processing occur outside the U.S., primarily in Asia [1]. By expanding domestic production, Ultion Technologies hopes to create high-quality American manufacturing jobs and enhance supply chain resilience.
The investment in Ultion Technologies is strategic, as it offers a solution by providing domestically manufactured, commercially proven LFP batteries. This move reduces dependence on foreign imports and improves supply chain resilience, which is crucial in the face of geopolitical tensions or trade disruptions [1].
Nate Walkingshaw, co-founder and CEO of Torus, has expressed support for Ultion Technologies' domestically produced batteries. Torus, as an investor and customer, values Ultion's batteries for their reliability, shorter lead times, and potential for innovation without international supply chain delays [1].
The Series A funding will not only increase domestic production capacity but also stimulate further investments and innovation in American energy storage solutions. This could lead to a more self-sufficient ecosystem within the U.S. [1].
The battery market is expected to see significant investment in battery energy storage, primarily supporting the rise of grid-forming renewables. Wood Mackenzie projects more than $1.2 trillion in global battery energy storage investment by 2034 [2]. Ultion Technologies' focus on domestically produced LFP technology positions it competitively in performance and cost against imported batteries, potentially strengthening U.S. energy security and helping America lead the energy storage market [1][2].
Dr. Johnnie Stoker, CEO and founder of Ultion Technologies, stated that every battery imported from outside the U.S. represents a missed opportunity for American jobs and a vulnerability in energy security [1]. Dr. Stoker and his team have extensive experience in battery production, having built six of the earliest lithium battery factories internationally in various countries [1].
Ultion Technologies is well-positioned to establish a vertically integrated battery manufacturing ecosystem in the U.S., utilizing its proven cell technology, deep industry expertise, and commitment to American manufacturing [1]. This funding round and production expansion occur in parallel with other battery technology advancements globally, highlighting competitive dynamics but with Ultion focused on U.S.-based LFP technology specifically [4].
In summary, Ultion Technologies' Series A funding is a major step in bolstering U.S. battery manufacturing capacity and reducing foreign supplier dominance in the growing energy storage market [1][2].
[1] Ultion Technologies Secures Series A Funding to Build Critical US Battery Manufacturing Capacity. (n.d.). Retrieved August 14, 2023, from https://www.ultiontech.com/news/ultion-technologies-secures-series-a-funding-to-build-critical-us-battery-manufacturing-capacity
[2] Wood Mackenzie. (2023). Global Energy Storage Forecast: A Market Outlook. Retrieved August 14, 2023, from https://www.woodmac.com/-/media/files/reports/power-and-renewables/electricity/global-energy-storage-forecast/2023/03/global-energy-storage-forecast-2023.pdf
[3] Novacium Starts Industrial Silicon-Based Anode Battery Production in Canada. (2023, March 29). Retrieved August 14, 2023, from https://www.novacium.com/news/novacium-starts-industrial-silicon-based-anode-battery-production-in-canada/
- The strategic investment in Ultion Technologies marks a significant shift towards domestic finance in the energy industry, as it aims to boost American energy storage solutions and reduce dependence on foreign battery imports.
- As Ultion Technologies expands its LFP battery production in Nevada, it is expected to create a competitive edge in the energy technology sector, potentially positions the US as a leader in the global energy storage market.
