Energy Power Systems LLC, an advanced battery technology company, will create more than 300 high-tech and manufacturing jobs when it opens a new operation next year in a former GM facility in Pontiac.
“The EPS team has successfully completed the product development phase and we are now launching the commercialization phase,” says Subhash Dhar, the company’s founder, chairman, and CEO. “This major milestone is a testament to the proven performance attributes of our (technology).”
The company is leasing 150,000 square feet of the former General Motors Pontiac Centerpoint Central building from Industrial Realty Group — who purchased the property from RACER Trust — to manufacture low-cost batteries for hybrid and electric vehicles.
“We are proud to welcome EPS as our first tenant to the facility and support the job creation it will bring to Pontiac,” says Stuart Lichter, president and CEO of Industrial Realty Group.
The initial annual production capacity will be 500-megawatt hours, the equivalent of 500,000 start/stop vehicle batteries. Dhar says the facility will use state-of-the-art, ultra-low emission manufacturing processes that support the company’s commitment to sustainability and a clean environment.
The Pontiac Centerpoint Central campus, vacant since 2008, includes a 1.2-million-square-foot office building that will be converted to an industrial, multi-tenant facility.
“I anticipate the momentum at the property to continue and further announcements to come in the near future,” Lichter says.