Representatives from Freyr Battery (FREY) told the Coweta County Development Authority in late January that the company will not proceed with its planned $2.6B factory in Newnan, Georgia, roughly 40 miles southwest of downtown Atlanta, the Atlanta Journal-Constitution’s Zachary Hansen, Drew Kann, and J. Scott Trubey report. The company was planning to make battery energy storage systems to store electricity from solar arrays and other renewables, the authors note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FREY:
- BTIG energy/infrastructure analyst holds an analyst/industry conference call
- FREYR Battery Expands with Trina Solar Acquisition
- Freyr Battery backs initial FY25 EBITDA view $75M-$125M
- Freyr Battery closes acquisition of Trina Solar’s U.S. manufacturing assets
- FREYR Battery (FREY) Surges as Momentum from BTIG Upgrade Continues