Electric Battery Company Building $2.6B Plant Outside of Atlanta
ATLANTA — A clean-tech startup headquartered in Norway announced Friday that it has selected Coweta County, Georgia, just southwest of Atlanta, to be the site of its new electric vehicle battery factory.
FREYR Battery said it plans to invest about $2.57 billion in the 368-acre site over a seven-year period, and create as many as 720 jobs at the site.
“With the recent passage of the Inflation Reduction Act, we expect U.S. demand for ESS (energy storage system), passenger EV and other electric mobility applications to grow rapidly over the next decade,” said Tom Jensen, the company’s chief executive officer, in a written statement.
In recent years, Georgia has been courting companies that produce electrified products of all types, from electric vehicle manufacturers to battery suppliers and recyclers.
SK Battery has an EV battery plant in Jackson County and automakers Rivian and Hyundai Motor Group will make batteries at their future EV factories.
“Job creators and innovators from all over the world bring their operations to Georgia because they know they will have success here,” said Georgia Gov. Brian Kemp.
“We’re proud to welcome FREYR to the Peach State as the latest company to bring transformational investments and opportunity to our communities,” he continued. “They will be a valued addition to our No. 1 state for business, and I look forward to their growing impact on Coweta and the surrounding region.”