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NextStar Energy Marks First Anniversary With Significant Clean Energy Achievements
NextStar Energy, a joint venture between Stellantis and LG Energy Solution, is celebrating its first anniversary. The company has made significant strides in the clean energy sector over the past year. Once fully operational, NextStar Energy aims to produce 49.5 gigawatt-hours annually and create over 2,500 jobs, establishing itself as Canada's first large-scale electric-vehicle battery manufacturing facility.
Construction at the 4.23-million-square-foot battery plant is progressing steadily. The Module building's construction and equipment installation are nearly complete. The Cell building’s exterior is about 90 per cent finished, with interior work and equipment installation underway. "A project of this size requires collaboration with every stakeholder," said Danies Lee, CEO of NextStar Energy.
In February, NextStar Energy successfully produced its first battery module sample. Full-scale production of these modules will commence early this autumn, with cell manufacturing expected to start in 2025. The company is excited to begin manufacturing state-of-the-art batteries in Windsor and contribute to local economic growth.
The company is actively building a skilled and diverse workforce from scratch. Hiring is ongoing, positively impacting the local economy and creating spin-off jobs in the community. So far, more than 325 employees have been hired out of the projected 2,500 jobs that NextStar will generate.
Safety remains a top priority at NextStar Energy. With nearly 2,000 construction and tradespeople working daily, the plant has achieved 4.3 million man-hours without a lost time injury recorded (LTIR). This milestone underscores the company's commitment to maintaining a safe working environment.
LG Energy Solution's Role
LG Energy Solution (KRX: 373220) is a global leader in advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS). With three decades of experience in battery technology, it continues to grow rapidly towards sustainable living. Its global network spans the U.S., Europe, Asia, and Australia.
The company prioritises environmental sustainability under its ESG vision "We CHARGE toward a better future." It strives to fulfil social responsibilities while shaping a sustainable future through innovative technologies.
Stellantis' Commitment
Stellantis N.V. (NYSE: STLA/ Euronext Milan: STLAM/ Euronext Paris: STLAP) is among the world's leading automakers focused on providing clean, safe, and affordable mobility for all. Known for its portfolio of iconic brands like Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep®, Maserati, Opel, Peugeot, Ram, Vauxhall among others.
The company is executing its Dare Forward 2030 plan to become a carbon net zero mobility tech company by 2038 while creating value for stakeholders. For more information about Stellantis' initiatives and goals visit www.stellantis.com.
As NextStar Energy marks its first year of operation, it looks forward to continuing its progress in Windsor. The company remains committed to driving clean energy solutions while supporting economic growth locally and beyond.
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