Evolution Metals & Technologies Partners with INERGX for 5 GW U.S. Facility

MIAMI, FL, Oct. 06, 2026 /CourierPR/ -- Evolution Metals & Technologies Corp. (EM&T) has announced a strategic partnership with UK-based INERGX Energy Optimisation Ltd. to power a planned 5 GW facility in the United States. The facility, which will be powered by on-site liquefied natural gas (LNG) generation, is expected to produce the equivalent of the annual electricity use of approximately 4 million American homes. EM&T's first phase alone is planned to have an output of 1 GW, which is the same as a full nuclear reactor.

EM&T, a U.S.-based critical materials and advanced manufacturing company, is moving to generate and control its own power at an industrial scale. The company's planned facility will be a significant step in its strategy to avoid dependency on China for battery cell manufacturing. According to the International Energy Agency, China hosted about 85% of global battery cell manufacturing capacity in 2024. EM&T's non-China supply mandate is built to address this dependency.

INERGX will engineer, supply, integrate, and service the energy storage and power optimization systems for the facility. The partnership will include a long-term service agreement with an anticipated initial term of 10 years. EM&T will provide its site inputs within two weeks of signing, and INERGX will deliver the first block study within eight weeks of receipt. Definitive agreements for the first block are targeted for delivery within 12 weeks of the study's acceptance.

The facility is expected to have a total capacity of up to 5 GW at full build-out, which is equivalent to five typical U.S. nuclear reactors. EM&T's fiscal 2027 revenue guidance ranges from $400 million to $460 million, driven by the expansion of its rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons annually. This expansion is expected to include approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027, DFARS mine-to-magnet restriction takes effect.

The LOI sets an accelerated timetable for the First Block Study, with EM&T's site inputs to be provided within two weeks of signing. INERGX will deliver the First Block Study within eight weeks of receipt, and the parties intend to work toward definitive agreements for the first block within 12 weeks of the study's delivery and acceptance. The first block can then be ordered in step with EM&T's generation and site program.

The partnership comes as EM&T executes on its previously announced fiscal 2027 revenue guidance, which reflects the expected first full-year contribution from the expansion of its rare earth magnet production capacity in Pohang, Republic of Korea. The Facility and the INERGX partnership extend EM&T's platform into U.S.-based critical materials and battery black mass recovery.