Evolution Metals & Technologies Selects INERGX to Power Planned 5 GW U.S. Facility, With Capacity Equivalent to Approximately 4 Mil-lion American Homes
Evolution Metals & Technologies signed a strategic partnership LOI with UK-based INERGX to supply energy storage and power optimization for its planned U.S. critical materials and battery black mass recovery facility, targeting ~1 GW of on-site LNG-powered capacity within two years and up to ~5 GW at full build-out. The LOI is non-binding: INERGX will deliver a First Block Study within eight weeks of receiving site inputs, with definitive agreements targeted within twelve weeks of study acceptance.
Key figures
- Guidance
- Fiscal 2027 revenue guidance of $400M-$460M
- Homes equivalent full
- ~4 million American homes
- Homes equivalent phase1
- ~800,000
- Planned full buildout gw
- 5
- Planned phase1 capacity gw
- 1
- Pohang magnet capacity tons
- 10000
- Service agreement initial term years
- 10
AI analysis
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