Production will initially be focused on semi solid-state battery cells
Statevolt, a global leader in green industrialization, recently announced its plans to construct a new state-of-the-art, technology-agnostic battery cell Gigafactory in Ras Al Khaimah, UAE, according to a press release.
With a capital expenditure of US$ 3.2bn Statevolt Emirates, as the UAE venture will be known, will mark a significant milestone in advancing technological innovation in the energy storage sector (ESS).
Working alongside various industry and community partners, Statevolt Emirates will implement its modular design approach, allowing for a faster route to market as well as a solution to diversify production based on technology readiness.
New standard
The Gigafactory is designed to set a new standard in battery technology with its superior safety and extended lifecycle, delivering battery solutions that are adaptable to a wide range of climates and conditions. The factory will start by producing semi-solid state battery cells, with the aim to move to solid state battery cells once the project reaches full capacity.
This ambitious project, with a site spanning 60 hectares in Al Hamra Industrial Zone in RAKEZ, is anticipated to generate up to 2,500 direct job opportunities, fostering significant economic development in Ras Al Khaimah and the surrounding region.
Global demand
The Gigafactory, positioned to meet the surging global demand for energy storage solutions (ESS), crucial for stabilizing the grid, enhancing renewable energy integration, and improving energy efficiency, is strategically focused on key export markets such as Africa, India, the UAE, and the broader Middle East region.
“Our US$ 3.2bn investment in the Ras Al Khaimah Gigafactory, using next-generation technology, highlights our commitment, aiming to meet the growing demand for energy storage solutions across Africa, India, the UAE, and the Middle East,” commented Carlstrom.
Following the land agreement, Statevolt will be applying for building permits, and expects to have the first production line fully operative by the end of 2026.
