BMW Spartanburg + Woodruff SC EV Expansion
$1B Spartanburg EV prep + $700M Woodruff battery assembly. 6 fully-electric X-models by 2030; 300 jobs at Woodruff battery plant; 1M+ sq ft. Paired with AESC SC cell supply. $65M state Closing Fund grant.
$1.70B
Deal Value
Battery Storage
Technology
SC
Location
Deal Details
- Deal Type
- Manufacturing Investment
- Seller / Sponsor
- BMW Manufacturing
- Buyer / Financier
- BMW Manufacturing
- Deal Value
- $1.7B
- Stage
- Construction
- ISO/RTO
- CPLE
- Source
- SC Governor's Office
Related Deals
Envision AESC Florence SC Battery Plant
Envision AESC → Envision AESC
$810M
Solar Landscape distributed/community solar warehouse facility — anchors 146 MW community solar portfolio across New Jersey, Illinois, Maryland, and Minnesota
Solar Landscape → First Citizens Bank
$600M
Moment Energy Series B — capitalizes North American second-life EV battery storage factory (the company has stated it will be the world's largest second-life battery factory)
Moment Energy → Evok Innovations (lead); Liberty Mutual Investments; W23 Global; Acario (Tokyo Gas CVC); existing investors: Amazon Climate Pledge Fund, Voyager Ventures, In-Q-Tel
$40M
CTECS 7-school solar portfolio — 4.7 MW total across 7 Connecticut technical high schools (Cheney 757 kW, Kaynor 449 kW, Prince 171 kW, Eli Whitney 833 kW, Emmett O'Brien 898 kW, Henry Abbott 657 kW, H.H. Ellis 959 kW); rooftop + carport behind-the-meter solar serving the state trade-school system
Verogy → Connecticut Green Bank
$5.4M projected lifetime energy savings to CTECS
Iron Spur Solar — 140 MWdc utility-scale solar PV, Snyder, Scurry County, Texas (ERCOT); ~317 GWh/yr expected production
Energea (CT Solar One, LLC SPV) → Energea (Solar in the USA Portfolio — secured convertible loan)
$5M (initial $762K advanced)
Cottage Grove BESS — 80 MW / 320 MWh standalone battery energy storage co-located with the 265 MW Cottage Grove cogen plant in MISO Zone 1, Minnesota
PanCentral / CGC Holdings → QIC
$33M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.