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Norwegian company Freyr has announced the cancellation of its plans to build a $2.57 billion battery manufacturing facility in Coweta County, Georgia, a project initially revealed in November 2022. The facility, named Giga America, was projected to create approximately 723 jobs and produce lithium-ion batteries to serve the growing demand in the electric vehicle and energy storage sectors.
Freyr informed the Coweta County Development Authority of the decision during a recent meeting but did not provide specific reasons for the cancellation. A company spokesperson indicated that Freyr is now "focusing at the moment on the solar module manufacturing facility in Texas."
Despite the plant's abandonment, Freyr praised the support received from local and state officials, stating that this move does not indicate a lack of confidence in Georgia's business environment. "Georgia is a great state to do business," the spokesperson noted in a letter to Coweta County Development Authority Executive Director Sarah Jacobs.