Amprius Awarded Up to $75 Million U.S. Government Agreement for Battery Production

Amprius Technologies, Inc. (AMPX) has entered into an Other Transaction Agreement with the U.S. Government for an award of up to $75 million. The project, named "Project acCELLerate," is designed to establish a secure and scalable domestic manufacturing capability for advanced silicon-anode, high-energy density lithium-ion batteries for military applications.

Key Details

• Award Value: The total fixed-price award is up to $75 million, with no cost-sharing requirement for Amprius. The U.S. Government has obligated approximately $22 million in initial funding.
• Project Objective: To establish a high-volume, domestic manufacturing facility for advanced lithium-ion pouch cells and battery systems tailored for small Unmanned Aerial Systems (sUAS).
• Timeline: The agreement's base period is effective from September 23, 2026, through September 22, 2028. Payments are structured on a milestone basis.