Financing led by Elda River Capital Management and Eagle Point Credit Management has advanced previously announced plant development.
Microporous, a leading manufacturer of advanced battery separators and a portfolio company of Trent Capital Partners, has announced it has secured funding for its Danville, Va. manufacturing facility. Financing is being provided by Trent, Eagle Point and Elda River. With comprehensive financing now in place, construction on the new plant is set to begin this month.
The Danville facility will produce battery separators for lithium-ion batteries and, at full capacity, is expected to support approximately 65 gigawatt-hours of battery production annually. The investment marks a critical step in expanding Microporous’ ability to serve the rapidly growing demand for energy storage solutions across automotive, industrial, and grid applications.
The new facility, which was previously announced, will significantly enhance Microporous’
