US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate
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 dan@thewellnews.com and @DanMcCue
In The News
Health
Voting
Manufacturing
December 22, 2022
by US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate
US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate
WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2%... Read More
WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. The rise in gross domestic... Read More
December 14, 2022
by Dan McCue
Japanese Pharma Firm to Pay $4B for Single Drug
TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by... Read More
TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by Nimbus Therapeutics, a Boston, Massachusetts-based biotechnology company. The drug Takeda is buying (NDI-034858) blocks selective allosteric tyrosine kinase 2 (also known as TYK2), a signaling protein... Read More
December 7, 2022
by Dan McCue
US Seeks to Delay Talks on Extension of WTO COVID Patent Waivers
WASHINGTON — The United States will not support extending a Dec. 17 deadline for waiving intellectual property protection for COVID-19... Read More
WASHINGTON — The United States will not support extending a Dec. 17 deadline for waiving intellectual property protection for COVID-19 tests and treatments, and instead is asking the U.S. International Trade Commission to first investigate market dynamics such as pricing, supply and demand before it chooses... Read More
December 6, 2022
by Biden to Visit Arizona Computer Chip Site, Highlight Jobs
Biden to Visit Arizona Computer Chip Site, Highlight Jobs
President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using... Read More
President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority. Biden... Read More
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
News From The Well
