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A billion-dollar lithium-ion battery factory is coming to B.C.

Market News, Mining
TSX:STN
23 November 2023 09:25 (EDT)

Source: E-One Moli.

Stantec (TSX:STN) was selected to provide a suite of services to help build a lithium-ion battery cell manufacturing facility in British Columbia.

The Edmonton-based firm is working on planning, architecture, mechanical, electrical, fire suppression, structural, industrial, ICT, civil, geotechnical and substation engineering, as well as interior design, landscape architecture, sustainability consulting, building commissioning and environmental services.

The C$1 billion new facility in Maple Ridge will be constructed by battery company E-One Moli and is expected to be the largest factory in Canada for high performance lithium-ion battery cells, producing up to 135 million battery cells each year.

The new facility is designed to target LEED Gold and Net Zero Carbon certification. It will also include a seven-storey mass timber office, and research and development component with a fully integrated green roof.

E-One Moli Energy (Canada) Ltd. is a subsidiary of E-One Moli Energy Corp., a global manufacturer that specializes in high-performance, superior quality, rechargeable lithium-ion cell products.

Construction of the E-One Moli manufacturing facility is expected to begin in June 2024, and the facility is expected to be fully operational in 2028.

Stantec Inc. is a provider of comprehensive professional services in the area of infrastructure and facilities for clients in the public and private sectors. The company’s segments are Canada, United States and global. The segments provide professional consulting in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management and project economics services.

Stantec Inc. last traded at C$95.17 per share.

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