ATLANTA
A Norwegian firm will construct a large electrical battery manufacturing facility simply southwest of Atlanta, firm and state officers have introduced, investing as much as $2.6 billion over a number of phases.
Freyr Battery stated it could construct an preliminary plant that might produce batteries that would maintain 34 gigawatt hours of electrical energy annually.
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Amongst battery crops at the moment working, that might be the second-largest worldwide, behind a manufacturing facility owned by Panasonic and Tesla in Nevada.
Freyr CEO Tom Jensen informed attendees on the announcement within the Atlanta suburb of Newnan that the corporate’s imaginative and prescient of utilizing renewable vitality to make batteries may play an necessary function in decreasing carbon emissions from electrical energy era and transportation.
The corporate’s preliminary plan is focused towards storing electrical energy produced by renewable sources and releasing it later, however Jensen stated gross sales to automobile makers may be included.
The corporate stated it plans an preliminary funding of $1.7 billion, and would rent 720 folks at a web site it has bought in an industrial park close to Newnan, about 35 miles (55 kilometers) southwest of Atlanta.
Freyr, named for the Norse god of peace and fertility, rain, and sunshine, can be constructing a big manufacturing facility in northern Norway and is planning a battery cell manufacturing facility in Vaasa, Finland.
The corporate goals to make batteries, an electricity-intensive course of, utilizing renewable vitality. In Georgia, that would imply shopping for electrical energy from a devoted photo voltaic facility with battery storage run by a 3rd celebration, the corporate stated.
The corporate stated it sees alternatives in america partially due to incentives for renewable vitality handed by Congress earlier this yr. Freyr stated it intends to hunt federal grants or loans.
