How Much is Form Energy Investing in Right to Work West Virginia?

Form Energy is investing $760 million in order to establish a new facility in Right to Work Weirton, West Virginia. As a result, this will create 750 new jobs. So this is exciting news for the area!

From Area Development Magazine:

“After a year-long nationwide site selection process that started with identifying over 500 candidate locations across 16 states, it became abundantly clear that Weirton, West Virginia, a historic steel community that sits on a river and has the rich heritage and know-how to make great things out of iron, is the ideal location for our first commercial battery production factory. […] We look forward to working with Weirton community leaders in the coming months to determine how we can best support the needs of local residents in the area through lasting community partnership and engagement.†[…]

“Weirton is long overdue for some incredible news. […] At one point, Weirton was one of America’s most important steel towns, a national leader in steel production. Now, this historic city is looking toward the future, and it’s very bright with Form Energy opening its doors. We structured a unique financial incentive package worth up to $290 million in asset-based, performance financing to support their decision to locate in Weirton.†[…]

“We are so glad that Form Energy said yes to West Virginia and are excited to welcome the company to Weirton. […] We will continue to support them in any way we can. Creating 750 jobs and investing $760 million in our state is not something to take lightly, and we can’t wait to see how this company will thrive with our strong workforce. I hope that West Virginia will continue manufacturing batteries for years to come.â€

AREA DEVELOPMENT MAGAZINE

To read the previous Area Development update on Right to Work states, click here.

To read more updates on Right to Work states, click here.