en.Wedoany.com Reported - WEG has signed a contract to supply motors for the Thacker Pass lithium project, currently under construction in northern Nevada, USA. The project is jointly owned by Lithium Americas (62% stake) and General Motors Holdings (38% stake). The contract involves supplying approximately 600 low-voltage and medium-voltage motors for the plant.
The first phase of the Thacker Pass project is designed to produce approximately 40,000 metric tons of battery-grade lithium carbonate annually, with mechanical completion expected by the end of 2027 and gradual production ramp-up starting in 2028. The project has secured $2.23 billion in financing from the U.S. Department of Energy and is expected to create approximately 2,000 jobs during the construction phase. According to WEG, the project is seen as a cornerstone for establishing a domestic lithium battery supply chain in the United States. The motors supplied by WEG will be developed for mining application needs, covering equipment such as compressors, fans, pumps, crushers, agitators, separators, and decanter centrifuges.
Peter Barry, President of WEG's U.S. operations, stated that this large-scale project solidifies WEG's role as a provider of key technology solutions, helping to strengthen the critical minerals supply chain and enhance energy security. The company remains committed to expanding investments to promote economic development, enhance energy infrastructure resilience, and integrate strategic industrial chains, including those related to critical minerals. Financial terms of the contract were not disclosed.
In terms of international revenue, the oil and data center businesses drove WEG's overseas revenue growth. In Brazil, revenue from renewable energy generation declined, but was partially offset by the grid business (such as transformers and substations). In its first-quarter results, WEG highlighted improvements in long-cycle orders in overseas markets, including the industrial sector. André Salgueiro, CFO of WEG, stated while releasing the first-quarter results that an improvement in long-cycle industrial orders was noted, which is an initial positive signal for the outlook in the coming quarters. However, he remained cautious, noting that given the macroeconomic and geopolitical situation, it is not yet possible to assert that this will be a sustained or recurring trend.
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