The Nevada Tech Hub has selected Dragonfly Energy Holdings Corp. for funding in its first round of awards. The contract is still being finalized, but the company said the award is expected to total approximately $300,000.
Dragonfly Energy makes Battle Born Batteries.
The Nevada Tech Hub is among 31 tech hubs designated by the federal government. Its mission is to support further development of the state’s lithium battery and critical materials ecosystem.
Dragonfly Energy CEO Dr. Denis Phares said the award is an investment in the company and the state’s future.
“As a homegrown Nevada company, we are proud to contribute to the state’s vision of becoming the nation’s center for lithium battery innovation,” Phares said. “By modernizing our operations and expanding our skilled workforce, we believe we can both drive efficiencies that benefit our shareholders, customers and employees by creating long-term economic growth and high-value jobs across the state. This non-dilutive capital is highly beneficial to our growth strategy.”
The company said the award will be applied toward modernization and workforce development initiatives.
Key elements of the project include completing ISO 9001 certification, modernizing production systems and upgrading the company’s battery manufacturing lines. Dragonfly Energy said these initiatives have the potential to yield six-figure annual savings. The savings would enable Dragonfly Energy to reinvest in workforce training and collaborate with partners such as Truckee Meadows Community College and the University of Nevada-Reno.
Dragonfly Energy said recruiting and training production floor personnel will expand career opportunities in machining, automation and maintenance.
Nevada Tech Hub Regional Innovation Officer Dick Bartholet said supporting state industry leaders is important.
“By providing funding for projects that advance both manufacturing capacity and workforce development, we are strengthening multiple segments of Nevada’s lithium battery and EV materials loop,” Bartholet said. “Investments like these not only modernize production but also create opportunities for more Nevadans to gain the skills needed to thrive in the critical materials and energy storage economy.”
Visit unr.edu/tech-hub/ to learn more.
