In the coming 12 months, Group14 expects to hire 65 new employees in technical and administrative roles to operate its silane production factory in Spreetal, Germany
Group14 Technologies is commencing preparations to restart operations at its new silane factory in Spreetal, Germany, as part of its Phase I plans for European expansion
Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, announced the commencement of Phase I of its European manufacturing roadmap by beginning preparations to restart operations at its newly-acquired silane factory in Spreetal, Germany. Idled since 2016, the silane factory will manufacture a necessary precursor for many energy storage applications including silicon batteries and solar panels.
With its technology already commercialized in consumer electronics and expected to be in EV batteries next year, Group14 is the leading manufacturer of silicon battery materials in the world today. As EV demand continues to surge, Group14 has successfully scaled the production of its technology and is now moving forward with its unique strategic modular approach to manufacturing, simultaneously constructing factories in North America and in Asia, the latter as part of a joint venture with SK.
Encouraged by the German government's staunch intent to invest in renewables, Group14 opted to set up its European base of operations in Germany, starting with the acquisition of Schmid Silicon, which included a silane factory in Spreetal. With its latest acquisition, Group14 is looking to boost optionality by securing access to silane gas, boost access by bringing localized EV battery production to the region and boost economic development efforts by creating new manufacturing jobs.
As part of Phase I of its European expansion plans, Group14 will leverage its advanced technology and manufacturing expertise to restart the idled silane factory in Spreetal, Germany. With 15 employees in Germany today, Group14 expects to hire more than 65 employees by the end of 2024 for its silane factory, including engineers, operators, technicians and administrative staff across all levels, as the company works to bring the factory back to its full production capacity. Since the factory's acquisition, Group14 already has begun its hiring process to bring on engineering hires with chemical, mechanical and electrical backgrounds.
"We see a clear alignment between our vision to strengthen localized battery supply chains and Germany's commitment to building a robust clean energy economy," said Group14 CEO Rick Luebbe. "Our investment in Germany not only brings us closer to our partners and customers, but it brings us closer to a global clean energy economy built on next-generation manufacturing to create new economic opportunities for local communities."
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