A Norwegian company announced Friday it will build an electric battery factory in metro Atlanta, creating hundreds of jobs and further cementing Georgia as a hub for the sector.
Freyr Battery, a clean-tech startup named after a Norse god, will invest $2.57 billion in a 368-acre site in Coweta County. The company produces energy storage systems (ESS), which use lithium-ion batteries to store electricity from renewable forms of energy, such as wind and solar.
In recent years, Georgia has been courting companies that produce electrified products of all types, from electric vehicle manufacturers to battery suppliers and recyclers. SK Battery has an EV battery plant in Jackson County and automakers Rivian and Hyundai Motor Group will make batteries at their future EV factories.
