Freyr Battery scraps plans for $2,5 billion factory in Coweta County, Georgia official says
ATLANTA, Ga. (Atlanta News First) – A state official says a Norway-based battery manufacturer has scrapped plans to build a factory in metro Atlanta.
The Coweta County project would have been Freyr Battery’s first American factory. It promised hundreds of jobs and a $2.57 billion investment in the Peach State.
PREVIOUS COVERAGE: Norway-based battery manufacturer Freyr promises 720 new jobs in Coweta County
A spokesperson for the Georgia Department of Economic Development said in a statement,
The State of Georgia has been made aware of Freyr’s decision to discontinue its plans in Coweta County,
“Georgia’s incentives process protects the Georgia taxpayer, and when a company’s plans change, that process ensures discretionary incentives are repaid. The company and state are working together to ensure that the state grant used for project site acquisition is repaid expeditiously.”
A Freyr spokesperson said the company is grateful for the support and partnership from Coweta County.
The spokesperson said,
We are focusing at the moment on the solar module manufacturing facility in Texas,
Announced in 2022, the plant would have been built on a 368-acre site in Bridgeport Industrial Park off I-85. The plan was to create more than 720 jobs over a seven-year period.
In 2022, Gov. Brian Kemp said the plant would have been a massive investment into
Georgia’s sustainable technology ecosystem.
The plant would have produced lithium-ion battery cells, which are often used in cars and for energy storage.
In a statement, Coweta County officials said they are disappointed in Freyr’s business decision.
The county said,
We express our sincere appreciation to the County staff, Coweta County Development Authority, and the Georgia Department of Economic Development for their assistance, hard work and due diligence throughout this whole process,
“Despite the outcome of this project, the incentives were structured with safeguards to protect the taxpayers and the property will remain valuable for creating jobs and investment to benefit the community.”
This is a developing story. Check back with Atlanta News First for updates.
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Freyr Battery scraps plans for $2,5 billion factory in Coweta County, Georgia official says, source
