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Freyr Battery must repay at least $27 million to Georgia and Coweta County after nixed expansion

  • Plans to build a $2.57 billion battery manufacturing plant in Coweta County have been canceled by Freyr, a Norwegian-based company.
  • The plant, named Giga America, was expected to create about 723 jobs and produce lithium-ion batteries.
  • Freyr's spokesperson stated they are focusing on a solar module manufacturing facility in Texas.
  • The company praised the support from Coweta County and the State of Georgia, stating it does not reflect any concerns about local partnerships.
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Clean TechnicaClean Technica

Freyr Battery Factory in Georgia Bites the Dust - CleanTechnica

Freyr, based in Norway, was one of the first companies to jump into the US market with big battery plans due to the Inflation Reduction Act passed by Democrats in 2022. I interviewed Freyr’s CEO, Tom Jensen, soon afterward about the plans and about the Inflation Reduction Act. I’ll embed ... [continued] The post Freyr Battery Factory in Georgia Bites the Dust appeared first on CleanTechnica.

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FortuneFortune

Clean-energy company Freyr Battery says it's abandoning plans to build a $2.6 billion factory in Georgia, which would've created 700 new jobs

Freyr moved its corporate headquarters from Norway to Newnan, Georgia, to maximize eligibility for tax benefits related to President Biden's climate law.

·New York, United States
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Colorado DailyColorado Daily
+3 Reposted by 3 other sources

Battery firm abandons plan for a $2.6 billion plant in Georgia

By JEFF AMY ATLANTA (AP) — A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s suburbs after it shifted to buy a solar panel plant in Texas. Freyr Battery told officials in Newnan on Thursday that it wouldn’t build a $2.6 billion plant that was supposed to hire more than 700 people. The factory would have built batteries to store electricity produced by renewable sources and release it later, compan…

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The Business JournalsThe Business Journals

Freyr Battery must repay at least $27 million to Georgia and Coweta County after nixed expansion

Freyr Battery was set to build a major manufacturing facility in Coweta County.

·United States
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WSB_TV Atlanta 2WSB_TV Atlanta 2

Norwegian company abandons plans for $2.5 billion battery plant, 700 jobs in metro Atlanta

Freyr announced in 2022 that it was planning on spending billions to build a plant in Coweta County.

·Atlanta, United States
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WAGAWAGA

Plans for nearly $2.6B FREYR Battery plant in Coweta County nixed

A planned nearly $2.6 billion lithium-ion battery plant will not be coming to Coweta County after all.

·Atlanta, United States
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AJC broke the news in Atlanta, United States on Thursday, February 6, 2025.
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