Lithium-iron-phosphate battery firm could build factory in Northern Colorado

DENVER — The Colorado Economic Development Commission on Thursday approved an offer of tax incentives worth just under $2 million over eight years to an unnamed foreign manufacturer of lithium-iron-phosphate batteries that’s considering building a factory in the state.

Specifically, the company, referred to in Colorado Office of Economic Development and International Trade documents as Project Hawk, is targeting sites in Colorado Springs, Aurora, Fort Collins and Northern Colorado.

It is the Colorado Economic Development Commission’s practice not to identify companies OEDIT is recruiting until incentives are accepted.

The company behind Project Hawk wants to establish a cell production facility for its LiFePO4,…