Evolution Metals & Technologies Selects INERGX to Power Planned 5 GW U.S. Facility, With Capacity Equivalent to Approximately 4 Mil-lion American Homes
Key Highlights
- ➤Up to ~5 GW planned U.S. facility capacity, equivalent to approximately 4 million homes
- ➤~1 GW First Phase planned within two years, matching a typical nuclear reactor
- ➤EM&T and INERGX sign LOI for energy storage and power optimization systems
- ➤10-year anticipated initial service agreement term for installed systems
- ➤$400M–$460M fiscal 2027 revenue guidance tied to Pohang magnet expansion
Expert Statements
David Wilcox, Executive Chairman of Evolution Metals & Technologies
“Every serious industrial build in America is now a power story — and EM&T intends to own its own.”
David Wilcox, Executive Chairman of Evolution Metals & Technologies
“We are planning a facility that will draw as much power as five nuclear reactors — the equivalent of approximately 4 million American homes — and we are making sure every battery in that system comes from outside China and can ultimately come back to us as feedstock.”
David Wilcox, Executive Chairman of Evolution Metals & Technologies
“That is not an energy contract. That is EM&T building a closed-loop, American-controlled critical materials platform from the power plant up.”
Dominic White, Director of INERGX Energy Optimisation Ltd.
“EM&T is building at a scale where power quality is not a utility line item — it is the process”
Dominic White, Director of INERGX Energy Optimisation Ltd.
“Our team and our accredited engineering and testing partners are ready to move quickly on the First Block Study and to deliver a design that scales cleanly from the first block to full build-out.”
MIAMI, FL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. ("EM&T" or the "Company") (NASDAQ: EMAT) is moving to generate and control its own power at industrial scale. The Company today announced a Strategic Partnership Letter of Intent ("LOI") with UK-based INERGX Energy Optimisation Ltd. ("INERGX") to engineer, supply, integrate and service the energy storage and power optimization systems for EM&T's planned critical materials and battery black mass recovery facility in the United States (the "Facility") — a site planned at approximately 1 GW of on-site capacity within two years and up to approximately 5 GW at full build-out, powered by on-site LNG generation.
To put that in perspective: a typical U.S. nuclear reactor produces about 1 GW, according to the U.S. Department of Energy. EM&T's First Phase alone is planned at the output of a full nuclear reactor. At full build-out, the Facility is planned at the equivalent of five. Run at full output, that capacity is equivalent to the annual electricity use of approximately 4 million American homes — and the First Phase alone to approximately 800,000 — based on U.S. Energy Information Administration data on average annual residential use.
Get started
Create a free account to read the full story.