FREYR Plans $2.57 Billion Right to Work Georgia Investment

FREYR Battery is planning to establish a new facility soon in Right to Work Coweta County, Georgia. In order to make this possible, the company is making a major investment – $2.57 billion. As a result, this will also create 723 new jobs. So this is exciting news for the area’s economy!

From Area Development Magazine:

“At FREYR, we are deeply committed to the ambition we share with our U.S. partners to decarbonize the transportation and energy sectors. […] As we advance our U.S. expansion plan in cooperation with our key stakeholders, we expect to make meaningful investments to spur job creation and the eventual development of localized, decarbonized supply chains in the U.S. to enhance energy security and economic activity.†[…]

“Companies like FREYR are driving a global revolution based on sustainable technology and solutions. […] Electrification goes beyond EVs and mobility; it’s also changing the way we power entire cities. To support electrification in home and commercial storage, we’re developing a battery ecosystem with manufacturers, recyclers, and customers. Georgia and its communities are ready to support a sustainable future for generations to come.†[…]

“We’re excited to welcome FREYR Battery to metro Atlanta, which has quickly become a hub for battery cell research and production. […] FREYR Battery will benefit from the vibrant research ecosystem that exists in the region and the diversity of talent that stands ready to support the company’s next-generation efforts. Congratulations to the team at FREYR Battery and all of the organizations that supported this decision.â€

AREA DEVELOPMENT MAGAZINE

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