AESC develops high-density battery cells and modules with advanced performance characteristics, including a battery format for BMW that delivers 20% higher energy density and extends driving range by up to 30%. Their manufacturing incorporates automated quality control such as X-ray inspections and precise monitoring. They focus on materials innovation particularly high nickel content cathode active materials (CAM). Their batteries have fast-charging capabilities, increased energy storage, and integrate IoT technology in battery management for predictive maintenance and enhanced grid stability.
Products include high-performance battery cells and modules for electric vehicles, notably the latest battery format designed for BMW’s next-generation EVs with increased energy density and extended driving range.
In early 2024, AESC completed a 1.6 million square foot gigafactory in Bowling Green, Kentucky, scheduled to begin operations in 2025. This facility will produce battery cells and modules for Mercedes-Benz EVs, with a 30 GWh production capacity supporting about 300,000 vehicles annually by 2027. It is Kentucky’s second-largest economic investment, creating 2,000 jobs, and operates entirely on renewable energy.
In 2023, AESC secured $1B in growth equity and venture capital funding, achieving a $15B valuation. In 2024, Franklin Energy acquired AESC along with EVA Green Power, reinforcing Franklin Energy’s position in the clean energy sector.
