Novonix wins $103 million in tax credit for Chattanooga facility

Staff Photo by Robin Rudd / U.S. Energy Secretary Jennifer Granholm speaks at an event at the Novonix plant in Chattanooga in 2021.
Staff Photo by Robin Rudd / U.S. Energy Secretary Jennifer Granholm speaks at an event at the Novonix plant in Chattanooga in 2021.

Battery materials maker Novonix has won a $103 million federal tax credit to support its Chattanooga production plant, according to the company.

The U.S. Department of Energy selected the company to receive the tax credit under a program to support production of the battery materials at its Riverfront Parkway facility, a...

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