Governments Urged to Regulate Supply Chains as Demand for Critical Minerals Grows
Electric Battery Company Building $2.6B Plant Outside of Atlanta
November 11, 2022 by Dan McCue
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.”
Dan can be reached at [email protected] and @DanMcCue
A+
a-
In The News
Climate
Attorneys General Push Back Against Senators Who Protect Fossil Fuel Industry
2022-11-22 21:31:30
Health
Regulation
FDA Conditionally Approves First Drug to Manage Acute Pancreatitis in Dogs
2022-11-17 13:50:24
Voting
2022 Elections
Federal Judge Blocks QAnon Linked Group's Close-Up Scrutiny of Ballot Drop Boxes
2022-11-02 15:37:41
2022 Elections
Pa. Supreme Court Orders Election Official to Set Aside Flawed Mail-In Ballots
2022-11-02 15:35:10
Manufacturing
November 14, 2022
by Dan McCue
Governments Urged to Regulate Supply Chains as Demand for Critical Minerals Grows
PARIS — As the world continues to transition toward net-zero emissions, the rising demand for renewable energy is expected to... Read More
PARIS — As the world continues to transition toward net-zero emissions, the rising demand for renewable energy is expected to continue to increase demand for critical minerals. To ensure they continue to have a safe, secure and sustainable supply, a new report from the International Energy... Read More
November 11, 2022
by Dan McCue
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... Read More
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... Read More
October 31, 2022
by Dan McCue
BMW Investing $1.7B to Expand EV Manufacturing Footprint in South Carolina
SPARTANBURG, S.C. — BMW Group, long a driver of economic development in South Carolina, has announced it is investing $1.7... Read More
SPARTANBURG, S.C. — BMW Group, long a driver of economic development in South Carolina, has announced it is investing $1.7 billion to dramatically expand its capability to produce electric vehicles in the state. About $1 billion of the investment will be used to prepare for the... Read More
October 25, 2022
by Dan McCue
Administration Awards $2.8B to Foster Domestic EV Battery Manufacturing
WASHINGTON — The Department of Energy last week awarded $2.8 billion to 20 companies to build and expand commercial-scale facilities in... Read More
WASHINGTON — The Department of Energy last week awarded $2.8 billion to 20 companies to build and expand commercial-scale facilities in 12 states to extract and process lithium, graphite and other battery materials, manufacture components, and demonstrate new approaches, including manufacturing components from recycled materials. The federal... Read More
September 23, 2022
by Tom Ramstack
Senators Suggest More Incentives for Rechargeable Battery Development
WASHINGTON — If rechargeable batteries leading the switch away from gasoline-powered vehicles are impressive, electrical industry executives told a Senate... Read More
WASHINGTON — If rechargeable batteries leading the switch away from gasoline-powered vehicles are impressive, electrical industry executives told a Senate panel Thursday they haven’t seen anything yet. They say they are developing new technologies that will generate more electricity than lithium-ion batteries at a lower cost.... Read More
September 9, 2022
by Biden to Tell Ohioans His Policies Will Revive Manufacturing
Biden to Tell Ohioans His Policies Will Revive Manufacturing
WASHINGTON (AP) — President Joe Biden wants to put the spotlight on a rare bipartisan down payment on U.S. manufacturing when he... Read More
WASHINGTON (AP) — President Joe Biden wants to put the spotlight on a rare bipartisan down payment on U.S. manufacturing when he visits Ohio on Friday for the groundbreaking of a new Intel computer chip facility. Biden heads to suburban Columbus to take a victory lap just as... Read More
News From The Well
