The Battery Boom: How ONE and Pomega Are Rewriting the Rules of Energy Security Under the IRA

The global energy transition is no longer a distant ideal—it’s a full-scale arms race. With the Inflation Reduction Act (IRA) unlocking unprecedented subsidies, the U.S. is positioning itself to dominate battery manufacturing, and two companies—ONE and Pomega Energy Storage Technologies—are emerging as linchpins in this geopolitical chess match. Their partnership, rooted in Turkey’s manufacturing prowess and American tax incentives, is creating a blueprint for energy independence and investor returns. Here’s why this alliance demands attention.

The IRA: A Catalyst for Domestic Battery Supremacy

The IRA’s $369 billion investment in clean energy isn’t just about reducing emissions—it’s about reengineering supply chains to eliminate reliance on Asian manufacturers. For ONE, a U.S.-based EV battery startup, and Pomega, a Turkish-engineered energy storage firm, the law’s tax credits and production incentives are a golden ticket.

By 2027, ONE’s Michigan plant will hit 20GWh annual capacity, fueled by $300 million in Series B funding and IRA tax credits. Meanwhile, Pomega’s South Carolina facility—now scaled to 6GWh annually—is leveraging IRA’s $35/kWh battery cell credit to undercut global competitors. Together, they’re turning the U.S. into a battery superpower, with a combined $912.8 million in projected IRA incentives by 2032.

Turkey’s Quiet Manufacturing Revolution

While ONE focuses on EVs, Pomega’s Ankara gigafactory is a masterstroke of geopolitical strategy. By 2025, it will produce 1GWh of LFP batteries annually, using zero-waste principles and 40% solar energy. Turkey’s 30% tariff on imported LFP batteries ensures Pomega’s dominance in Europe’s energy storage market, while its partnership with Chinese firm Harbin Electric secures a $300 million 1GWh co-located wind-storage project near Istanbul.

LFP’s rise—driven by its safety, longevity, and lower cobalt/nickel content—is a tailwind for both firms. Analysts predict U.S. demand for LFP batteries will surge 28% annually, hitting 1,151GWh by 2035. ONE and Pomega are already ahead of the curve, with 36GWh offtake agreements for EVs and 7.5GWh contracts with Powin Energy for stationary storage.

Why This Partnership Is Unstoppable

1. Scalability with Built-in Demand:
2. ONE’s Michigan plant targets EV manufacturers desperate for U.S.-made cells, while Pomega’s South Carolina facility supplies utilities and grid operators under IRA’s 30% tax credit for standalone storage.

3. Their global footprint—two gigafactories in the U.S., two in Turkey—positions them to capture 12GWh of global capacity by 2030, with no single market overexposure.

4. Geopolitical Insurance:

5. As China’s battery dominance wanes, the U.S.-Turkey axis offers a counterbalance. Pomega’s Ankara plant reduces Turkey’s reliance on imports, while ONE’s Michigan site shores up U.S. EV competitiveness.

6. IRA’s “Buy American” rules favor both firms: Pomega sources 50% of materials domestically, and ONE’s cobalt-free chemistry aligns with ESG mandates.

7. Sustainability as a Competitive Weapon:

8. Pomega’s 40% solar-powered production and waste heat recovery systems are a magnet for ESG investors. ONE’s Z-folding cell design extends battery lifespan to 30 years, slashing replacement costs.
9. Their Arizona recycling hub (processing manufacturing scrap) ensures a circular supply chain, reducing carbon footprints by 40% versus Asian rivals.

The Risks—and Why They’re Overblown

Critics cite competition from Tesla’s Nevada gigafactory and Turkish rival Inovat. But ONE and Pomega have a defensible edge:
- Offtake agreements lock in revenue streams.
- IRA subsidies shield them from price wars.
- LFP’s cost advantage (30% cheaper than nickel-based batteries) keeps margins robust.

Invest Now—or Risk Missing the Boat

This is a once-in-a-generation opportunity. The IRA’s deadlines are non-negotiable, and first-movers like ONE and Pomega are already claiming their share. Investors should:
1. Buy into the supply chain: Look for lithium miners (e.g., ALB, LIT), equipment providers (e.g., TSLA, FSLR), and logistics partners (e.g., JLL, which helped site Pomega’s South Carolina plant).
2. Go direct with the leaders: ONE’s Series B funding saw participation from Breakthrough Energy Ventures and BMW—a sign of confidence. Pomega’s parent, Kontrolmatik, is a hidden gem in European energy storage.
3. Play the long game: By 2030, the U.S. will need 500GWh of battery capacity. ONE and Pomega’s 12GWh target is just the start.

Conclusion: The Battery Race Is On

ONE and Pomega aren’t just building factories—they’re rewriting the rules of energy security. With the IRA’s subsidies, Turkey’s manufacturing grit, and LFP’s demand surge, this duo is primed to dominate a $1 trillion market. Investors who act now will secure a piece of the future. Those who wait? They’ll be chasing returns in a world where battery power is no longer optional—it’s existential.