EnerSys ENS has signed a non-binding Memorandum of Understanding (MOU) with the European company, Verkor SAS, to develop a lithium battery gigafactory in the U.S. Per the deal, ENS & Verkor are developing plans, exploring new factory locations and funding sources, and administering structures for the new manufacturing plant. ENS is also positioned to yield credits through the Inflation Reduction Act, which is expected to aid in funding the new manufacturing facility.