ATLANTA
A Norwegian firm will construct a large electrical battery manufacturing unit simply southwest of Atlanta, firm and state officers have introduced, investing as much as $2.6 billion over a number of phases.
Freyr Battery mentioned it might construct an preliminary plant that might produce batteries that might maintain 34 gigawatt hours of electrical energy every year.
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Amongst battery crops at present working, that might be the second-largest worldwide, behind a manufacturing unit 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 might play an essential position in lowering 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 mentioned gross sales to car makers is also included.
The corporate mentioned it plans an preliminary funding of $1.7 billion, and would rent 720 folks at a website 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 also be constructing a big manufacturing unit 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 might imply shopping for electrical energy from a devoted photo voltaic facility with battery storage run by a 3rd celebration, the corporate mentioned.
The corporate mentioned it sees alternatives in the US partially due to incentives for renewable vitality handed by Congress earlier this yr. Freyr mentioned it intends to hunt federal grants or loans.
