BATTERY FIRM ABANDONS PLAN FOR A $2.6 BILLION PLANT IN GEORGIA
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✍️ Freyr Battery, a clean energy company, is abandoning its plan to build a $2.6 billion electric battery factory in Atlanta's suburbs and instead shifting its focus to a solar panel factory in Texas.
👉 Freyr Battery is abandoning its plan to build a $2.6 billion electric battery factory in Atlanta's suburbs 👉 The company will instead focus on a solar panel factory in Texas 👉 The decision was driven by rising interest rates, falling battery prices, a change in company leadership, and a shift in its goals 👉 Freyr Battery received a $7 million grant from the state of Georgia to buy a site for the factory, but will now repay the grant
-- #AmyJaick #JasonPeace #SarahJacobs #TomEinarJensen #BrianKemp #Atlanta #Newnan #Texas #Norway #Finland #Georgia #Commerce #Savannah #business
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