CHATTANOOGA, Tenn., April 09, 2026 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials company, today announced that the U.S. Government has certified its Riverside project in connection with the US$103 million in tax credits previously allocated under the U.S. Government’s Section 48C Advanced Energy Project Credit Program.
“This certification from the Trump administration is the latest vote of confidence in a mission that has always been bigger than politics. I'm proud that building America's critical mineral supply chain begins right here at home, in Chattanooga, Tennessee." – U.S. Representative Chuck Fleischmann.
This decision reflects the U.S. government’s confidence in NOVONIX, affirming the Company's role as an essential partner in establishing a domestic synthetic graphite supply chain that underpins America's long-term energy and economic security.
“This is another significant milestone for NOVONIX and show of support from the U.S. Government, as we continue to scale our U.S. manufacturing footprint,” said Mike O’Kronley, CEO of NOVONIX. “We are focused on delivering a reliable, domestic supply of high-performance synthetic graphite to support the growing demand for battery materials in North America.”
NOVONIX will receive the US$103 million of tax credits when it places its first 11,000 tpa of production in service, provided that occurs before 7 April 2028. These tax credits can be sold to a third party.
The Company will continue to advance engineering, materials development, and financing activities for the project and will provide updates as key milestones are achieved.
This announcement has been authorized for release by NOVONIX Chairman, Mr. Ron Edmonds.
About NOVONIX
NOVONIX strives to reduce supply chain risk, support U.S. energy independence, and establish a resilient battery materials supply chain. The company is building a North American platform for critical battery materials and anode materials operations at its Chattanooga, Tennessee headquarters. NOVONIX is positioned as a supplier of advanced battery materials and technologies powering the energy storage and electrification economy.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Investors: ir@novonixgroup.com
Media: media@novonixgroup.com
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