TLDR
- Dragonfly Energy soars 79% after securing Nevada Tech Hub grant boost
- DFLI stock rallies as $300K grant fuels lithium battery upgrades
- Nevada backs Dragonfly’s clean energy growth with major funding
- Dragonfly Energy wins strategic grant to modernize Reno facility
- Lithium battery maker DFLI surges on tech hub support and upgrades
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) surged nearly 79% during regular hours, closing at $1.07. The upward momentum continued in after-hours trading, rising another 29% to reach $1.38.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)
This sharp increase followed the announcement of new funding support from the Nevada Tech Hub.
Nevada Tech Hub Selects Dragonfly Energy for Strategic Grant
Dragonfly Energy secured funding from Nevada Tech Hub to enhance lithium battery manufacturing in the state. The hub aims to reinforce Nevada’s role in the domestic critical materials economy. This award marks the program’s first round of funding distribution.
The state-supported grant will provide Dragonfly Energy with approximately $300,000 in non-dilutive capital. The funding will support modernization projects, operational upgrades, and workforce development across the company’s South Reno facility. These improvements align with Nevada Tech Hub’s vision of building a robust lithium battery supply chain.
Dragonfly Energy plans to upgrade its battery lines and enhance its production systems. The company will also strive for ISO 9001 certification, which promotes higher quality and efficiency standards. Together, these initiatives are expected to generate operational savings and long-term growth potential.
Operational Modernization to Drive Efficiency and Expansion
Dragonfly Energy will use the award to modernize its systems and reduce production inefficiencies. These upgrades will help the company increase throughput while maintaining consistent product quality. Advancements in automation and system controls will also streamline the manufacturing process.
The company anticipates that these improvements will yield substantial cost savings annually. These savings will be reinvested into further workforce development programs in partnership with local institutions. Dragonfly Energy will work with the University of Nevada, Reno and Truckee Meadows Community College.
The company will recruit and train skilled production staff for critical technical roles. This expansion will support machining, maintenance, and quality operations across nearly 400,000 square feet of manufacturing space. The modernization plan underscores the company’s intent to scale clean energy manufacturing.
Strengthening Nevada’s Lithium Loop Through Local Integration
By partnering with Nevada Tech Hub, Dragonfly Energy strengthens its role in the state’s clean energy economy. The funding advances both local job creation and technical capabilities within the lithium battery sector. Nevada Tech Hub emphasized that Dragonfly Energy’s growth supports broader supply chain resilience.
The collaboration highlights the importance of regional academic and industry partnerships. Dragonfly Energy is well-positioned to anchor Nevada’s “Lithium Loop,” spanning extraction, processing, and recycling. These developments support the state’s ambition to become a national leader in energy storage innovation.
Dragonfly Energy’s ongoing expansion reflects a broader strategy focused on sustainable growth. The award aligns with the company’s goal to deepen its manufacturing presence in Nevada. This momentum sets the stage for continued integration into the national battery supply chain.
