“McCarthy is proud to partner with ICL in supporting our nation’s path to sustainable energy production and the ever-growing demand for clean energy industries,” said Kristyn Newbern, Director of Project Development at McCarthy. “Partnering with ICL to build this facility in our hometown is especially significant as part of our long-standing commitment to our community, as well as a testament to our strength in building advanced technology and manufacturing facilities.”
According to ICL’s press release, “LFP is one of the fastest-growing sectors of the battery industry, as this technology offers superior safety at a lower cost and with a longer life. By 2031, E Source forecasts global demand for iron phosphate-based cathode active materials will reach more than 3 million tons, for a market value of more than $40 billion, due to a shift toward the safer and lower-cost cathode materials used in more affordable EVs and in energy storage solutions. The new facility represents a significant expansion of ICL’s energy-storage portfolio."
The new ICL plant reinforces McCarthy’s role in economic development and job growth in redeveloping the City of St. Louis. McCarthy's work includes nearly $3 billion in new construction, including the $400 million plant for ICL, $1.7 billion Next NGA West, the $616 million Washington University School of Medicine Neuroscience Research Building, and the 16-story inpatient hospital tower at Barnes-Jewish Hospital.
McCarthy Building Companies, Inc. is the oldest privately held national construction company in the country — with nearly 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients. With approximately 7,000 salaried employees and craft professionals, the firm has offices in St. Louis, Missouri; Atlanta, Georgia; Collinsville, Illinois; Kansas City, Kansas; Omaha, Nebraska; Phoenix, Arizona; Las Vegas, Nevada; Denver, Colorado; Austin, Channelview, Dallas, and Houston, Texas; and San Diego, Newport Beach, Los Angeles, San Francisco, San Jose, and Sacramento, California.