# EnerSys (ENS) — capital_return/buyback_authorization [pending]
Source: SEC API (secapi.ai) · situation sit_a82ba97753900608dfe7 · retrieved 2026-08-11T16:03:51.119Z

## Overview
EnerSys is a global leader in stored energy solutions for industrial, infrastructure, and defense applications, providing batteries, chargers, power equipment, and integrated energy storage technologies with software-enabled intelligence and comprehensive customer support across communications networks, data centers, energy infrastructure, material handling, transportation, and aerospace and defe…

EnerSys revised its planned lithium-ion cell manufacturing facility in Greenville, South Carolina on July 23, 2026, reducing the initial production capacity from approximately 4–5 gigawatt-hours to 1 gigawatt-hour and materially shrinking the physical footprint to focus on aerospace, defense, and specialized industrial applications requiring secure domestic supply chains. The company received a revised grant award from the U.S. Department of Energy of approximately $150 million (subject to final documentation and customary conditions) and up to $200 million in state and local incentives from South Carolina and Greenville County. EnerSys estimates the total net investment for the facility at approximately $500 million and intends to fund it using federal, state, and local funding plus operating cash flow. The Board of Directors formally approved the investment and development plan, with construction expected to begin in the first half of fiscal year 2028 and full production approximately three years thereafter. EnerSys also announced it is transitioning away from its technology relationship with Verkor and does not expect Verkor to serve as the project's technology partner going forward.

## Terms
- Counterparty: U.S. Department of Energy · Deal value: $500.0M · Consideration: cash

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001289308-26-000014): 8-K - EnerSys — *EnerSys is a global leader in stored energy solutions for industrial, infrastructure, and defense applications, providing batteries, chargers, power equipment, and integrated energy storage technologies with software-enabled intelligence and comprehensive customer support across communications networks, data centers, energy infrastructure, material handling, transportation, and aerospace and defe…* EnerSys revised its planned lithium-ion cell manufacturing facility in Greenville, South Carolina on July 23, 2026, reducing the initial production capacity from approximately 4–5 gigawatt-hours to 1 gigawatt-hour and materially shrinking the physical footprint to focus on aerospace, defense, and specialized industrial applications requiring secure domestic supply chains. The company received a revised grant award from the U.S. Department of Energy of approximately $150 million (subject to final documentation and customary conditions) and up to $200 million in state and local incentives from South Carolina and Greenville County. EnerSys estimates the total net investment for the facility at approximately $500 million and intends to fund it using federal, state, and local funding plus operating cash flow. The Board of Directors formally approved the investment and development plan, with construction expected to begin in the first half of fiscal year 2028 and full production approximately three years thereafter. EnerSys also announced it is transitioning away from its technology relationship with Verkor and does not expect Verkor to serve as the project's technology partner going forward.
  https://www.sec.gov/Archives/edgar/data/1289308/0001289308-26-000014.txt

## Citations
- 0001289308-26-000014 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000128930826000014