FIXX Energy Raises $27 Million to Grow Battery Production in Smyrna
FIXX Energy, the battery manufacturer based in Smyrna, has raised $27 million in private growth financing. The company says the money will fund its commercial expansion and help it make more lithium iron phosphate cells as customer orders grow.
Who put in the money
The round drew a mix of commercial, financial and strategic backers, institutional investment managers and family offices. Members of FIXX Energy's own executive leadership team also took part in the round.
What the plant makes
FIXX builds lithium iron phosphate cells, usually shortened to LFP, in a prismatic format. They are used in energy storage systems for the power grid and for commercial customers, where the company says the technology's safety, long operating life and dependable performance matter most. The company's Tennessee facility has already manufactured more than four million LFP cells.
The company's founder and chairman, Brett Conrad, said rising demand for power across the country is pushing American battery production into its next phase, and that the new capital will help the company scale up deployment.
A plant with a new owner and a new job
The Smyrna factory is not new, but its purpose has changed. AESC, the battery maker founded in Japan in 2007 and majority owned by China's Envision Group, opened the Smyrna plant in 2012 to supply batteries for electric vehicles to Nissan. AESC retooled the plant in 2025 to make LFP cells for stationary energy storage instead. In April 2026 FIXX Energy, a new American company led by chief executive Jeff Juger, took control of the facility after AESC sold a majority stake, and FIXX signed a multiyear agreement to supply cells to Fluence, a customer AESC had served as a primary supplier. Industry coverage tied deals like this one to new federal rules aimed at limiting Chinese influence in U.S. energy supply chains. Terms of the plant sale were not reported.
What to watch
The announcement does not say how many people the plant employs, how the $27 million will be divided or what production targets the company has set. Earlier estimates put the plant's LFP capacity near three gigawatt-hours a year, but that figure predates the change in ownership and has not been confirmed for FIXX. What is clear is that a Smyrna factory built for the car business is now making batteries for the grid, and its owners have fresh capital to grow it.
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Image: illustrative, AI-generated – not the actual location.
