12:34:51 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Stantec Inc
Symbol STN
Shares Issued 110,958,545
Close 2023-11-22 C$ 95.17
Market Cap C$ 10,559,924,728
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Stantec-designed battery facility to be built in B.C.

2023-11-22 17:14 ET - News Release

Ms. Ashley Warnock reports

STANTEC-DESIGNED BILLION-DOLLAR LITHIUM-ION BATTERY CELL MANUFACTURING FACILITY COMING TO BRITISH COLUMBIA

Bringing advanced manufacturing and hundreds of jobs to British Columbia, E-One Moli Energy is building a lithium-ion-battery cell manufacturing facility, to be designed by Stantec Inc., in the province. The $1-billion project will create up to 350 new jobs and secure over 100 existing positions. Stantec, a global leader in industrial architecture and sustainable design and engineering, was selected to provide a full suite of services including planning, architecture, mechanical, electrical, fire suppression, structural, industrial, ICT, civil, geotechnical and substation engineering, as well as interior design, landscape architecture, sustainability consulting, building commissioning and environmental services.

Powered by British Columbia's clean energy supply, the facility will become the largest factory in Canada for high performance lithium-ion-battery cells, producing up to 135 million battery cells each year.

Transition to a cleaner future

Supporting the transition to cleaner, more efficient energy sources, the lithium-ion-battery cells produced will be used to electrify devices used in daily lives, including consumer electronics, power tools, medical devices, high performance vehicles and aerospace applications.

To support E-One Moli's corporate mandate for a better and cleaner future, the new facility is designed to target LEED gold and net zero carbon certification. It will also include a seven-storey mass timber office and a research and development component with a fully integrated green roof, making it one of the most sustainable industrial buildings in the region.

"We are honoured to work with a socially conscious partner like E-One Moli, who shares Stantec's commitment to reducing global greenhouse and [carbon dioxide] levels for a cleaner tomorrow," said Navid Fereidooni, architect and principal for Stantec. "With a substantial investment in efficient energy generation, this transformative manufacturing space will bring opportunity and growth to the people of British Columbia and the Canadian economy. We are thrilled to be playing an important part in bringing this project to life."

Construction of the E-One Moli Energy manufacturing facility is expected to begin in June, 2024, and be fully operational in 2028.

Advancing manufacturing in North America

Stantec's industry-leading integrated architectural and engineering team works within the global industrial sector, helping advanced manufacturing clients improve their operations, reduce costs and optimize production flows.

Manufacturers are increasingly seeking to simplify their supply chains, bringing production closer to demand, with many companies opting to add new factories in North America to increase net capacity. Developing clean energy sources can mitigate global supply chain challenges while benefiting the climate and economy.

About Stantec Inc.

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, and a sense of place and of belonging. That is why at Stantec, it always designs with community in mind.

It cares about the communities it serves because they are its communities too. This allows it to assess what is needed and connect its expertise, to appreciate nuances and envision what has never been considered, and to bring together diverse perspectives so it can collaborate toward a shared success.

It consists of designers, engineers, scientists and project managers, innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol STN.

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