EnerSys Receives Refund of $137 Million Related to IRC Section 45X Tax Credits

READING, Pa., Aug. 27, 2025 (BUSINESS WIRE) -

EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced today that the Company received its fiscal 2024 U.S. tax return refund of $137 million, plus accrued interest, on August 25, 2025. The tax refund is associated with sales of batteries EnerSys produced in the U.S. which qualify for Internal Revenue Code Section 45X Advanced Manufacturing Production Credits.

“We are proud of our domestic production, and we’re pleased to receive this tax refund in our second fiscal quarter, as anticipated,” said Andrea Funk, EnerSys Executive Vice President and Chief Financial Officer.

“Earning these credits underscores our commitment to strengthening a resilient U.S. manufacturing and supply base, and delivering high-performance energy solutions our customers rely on,” said Shawn O’Connell, President and Chief Executive Officer of EnerSys.

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