J-Star (YMAT) announced that it has signed a non-binding memorandum of understanding with White Group to support capital formation for the company’s planned automated solid-state battery production facility in Baytown, Texas. Under the MOU, White Group will work with J-Star to identify and introduce potential U.S.-based private equity partners to participate in a proposed $100M investment to support construction, automation and technical development of the Baytown facility. The investment is expected to complement J-Star and PSSB’s previously submitted U.S. Department of Energy grant application for the project.
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