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Recipient
NEXTSTAR ENERGY INC.Amount
$500.0M
Program
SIF Stream 3 - AttractionProvince
ONType
Contribution
Agreement Number
033-2022-2023-Q2-819553
Purpose
This project is supported by a contribution of up to $500,000,000. This project allows LG Energy Solutions to build and operate a 45 GWh lithium-ion electric vehicle (EV) battery manufacturing plant in Windsor, ON, which will enable the production of up to 350,000 EVs/year. Additionally, the facility may produce batteries for energy storage systems (ESS). The project’s work phase is scheduled to end on September 30, 2028.
NEXTSTAR ENERGY INC. × Innovation, Science and Economic Development Canada
2 grants totalling $15.1B
SIF Stream 3 - Attraction
11 grants totalling $2.7B
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