From Austin Business Journal, May 27, 2009...Austin-based Valence Technology Inc. has submitted a grant application to the U.S. Department of Energy with plans to build a manufacturing facility in Leander.
The company’s proposed facility would manufacture lithium phosphate cathode material, high-capacity advanced cells and battery packs for electric drive vehicles and other uses.
“With significant incentives projected from the state, county and city governments, Leander, Texas, was chosen as the primary site for our advanced battery manufacturing plant,” said Ross Goolsby, Valence’s chief financial officer. “Both state and city officials have demonstrated incredible support for the plan to provide up to 2,700 new, high-tech jobs in the Central Texas region by 2012 and up to 4,000 jobs by 2016. The state of Texas, Williamson County and the city of Leander are projecting and seeking approval of more than $150 million in incentives over a ten-year period.”
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