EnerSys announced on August 27, 2025, that it received its fiscal 2024 U.S. tax return refund of $137 million, plus accrued interest, on August 25, 2025. This refund is associated with sales of batteries produced in the U.S. that qualify for Internal Revenue Code Section 45X Advanced Manufacturing Production Credits.
Andrea Funk, EnerSys Executive Vice President and Chief Financial Officer, stated that the company is pleased to receive this tax refund in its second fiscal quarter, as anticipated. This cash inflow positively impacts the company's financial position.
Shawn O’Connell, President and Chief Executive Officer of EnerSys, emphasized that earning these credits underscores the company's commitment to strengthening a resilient U.S. manufacturing and supply base. This also highlights the delivery of high-performance energy solutions to customers.
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