Massachusetts Firm Secures $47.5M Federal Grant for Construction of Electric Vehicle Battery Plant in Bridgeport

According to the Hartford Business Journal, a Massachusetts-based company plans to build a new facility in Bridgeport with the help of $47.5 million in funding from the U.S. Department of Energy. The company manufacturers electric vehicle batteries and is expected to bring 200 jobs at the new facility. Per the article, the company “…produces high-performing, low-cost batteries that decrease the cost of batteries by up to 27%, while implementing sustainable initiatives to conserve and reduce energy consumption…”

Click Here: Mass. company to construct EV battery plant in Bridgeport, with help of $47.5M federal grant for more information.