FinancingAnnouncedMarch 17, 2026

Ultium Cells Spring Hill LFP Retool — $70M retooling of Tennessee EV battery plant to produce LFP cells for grid-scale energy storage

Ultium Cells LLC (GM + LG Energy Solution JV) invests $70M to retool its Spring Hill, Tennessee facility from EV battery production to LFP cells for stationary grid-scale energy storage. Cells will supply LG Energy Solution Vertech for grid-scale BESS assembly. ~700 previously furloughed workers returning to support production. Q2 2026 production start target. Part of GM/LG's broader 60+ GWh global storage target. Note: The pipeline candidate (dc-2026-04-01-ultium1) contained an erroneous value of $370M; all primary sources confirm $70M.

$70M

Deal Value

LFP Battery Manufacturing (Grid Storage)

Technology

TN

Location

Deal Details

Deal Type
Manufacturing CapEx
Seller / Sponsor
Ultium Cells LLC (GM + LG Energy Solution JV)
Deal Value
$70M
Stage
Construction

Related Deals

Get deals like this in your inbox

Free weekly clean energy deal intelligence. Every Monday.

← Back to Deal Database