Last month, many companies announced they would invest in the United States, create jobs, support the economy, and revive American manufacturing. These new announcements historic new project It has been announced all over the country since the Control Inflation Act was passed. Under President Biden, more than $435 billion in investments in the U.S. have been announced, according to. White House.
TechCrunch: VW-backed Scout Motors to build $2 billion plant in South Carolina
NY Times: LG to spend $5.5 billion on Arizona battery plant
Dallas Morning News: Dallas Company Arcosa Wins $750 Million Wind Tower Order
Automakers are bringing new car-making facilities to the U.S., creating thousands of jobs following passage of anti-inflation laws
Crains Detroit: Borgwarner will invest $20.6 million to create 186 jobs in Metro Detroit. “Auburn Hills-based BorgWarner Inc. plans to invest $20.6 million to add 186 jobs to the greater Detroit metropolitan area as auto suppliers accelerate their electric vehicle business. Michigan Economic Development BorgWarner aims to set up a new EV lab, scale up DC fast charger manufacturing and increase battery pack production, according to the company’s briefing memo, which will receive a grant based on the project. [Crains Detroit, 3/28/23]
Columbus Dispatch: Honda Marysville plant paves the way for an electric future for automakers. “The Marysville auto plant will be Honda’s first U.S. plant to transition to producing electric vehicles,” the automaker said on Tuesday, explaining how the transition to EVs will affect its U.S. manufacturing operations. Last October, Honda invested $700 million to build its Marysville, East Liberty and Anna engine plants as part of a plan to set up an EV hub in Ohio in preparation for the production of battery electric vehicles. As part of that move, Honda announced the formation of a joint venture with South Korean company LG Energy Solutions to invest a minimum of $3.5 billion to build a battery plant in Fayette County. bottom.” [Columbus Dispatch, 3/14/23]
TechCrunch: VW-backed Scout Motors is building a $2 billion plant in South Carolina. “Scout Motors, a Volkswagen Group spin-off targeting the U.S. market with a rugged all-electric vehicle, is deepening its investment in plans to build a $2 billion plant in South Carolina capable of producing 200,000 EVs a year. There’s more and more reason for Scout Motors to keep the brand as red, white and blue as possible, and it’s not just about pitching to U.S. consumers, it’s about complying with anti-inflation laws and some sort of incentive package from the South Carolina government. Thanks to you, we have real incentives in place.” [TechCrunch, 3/3/23]
Nikkei Asia: Nissan will invest $250 million in its US plant to expand production of EV motors. “Nissan will invest $250 million to expand powertrain production at its Tennessee plant in the United States as part of its electrification strategy in key North American markets, the Japanese automaker said on Monday. The Japanese automaker plans to begin production of four electric vehicle models at its Canton plant in Mississippi in 2026. To supply parts for these EVs, Nissan will start production in Tennessee by that year. We plan to expand production of motors and other powertrain components at our Decherd plant.” [Nikkei Asia, 2/28/23]
Control Inflation Act Encourages Battery Manufacturing in the U.S., Strengthens and Facilitates Supply Chains Nationwide investment and new jobs.
WBKO (KY): Enervenue, a new $264 million manufacturing facility, arrives in Shelby County. “Governor. announced continued job creation in the state’s manufacturing and clean energy sectors.” …”In the early stages of the project, EnerVenue will open a million square feet of new state-of-the-art manufacturing on a 73-acre site in Shelby County. We will build the facility, which will be the company’s state-of-the-art manufacturing facility for energy storage vessels.” [WBKO, 3/28/23]
NY Times: LG to spend $5.5 billion on battery plant in Arizona. “A South Korean battery maker has announced it will quadruple its investment plans for a new plant in Arizona to meet growing demand from automakers looking to expand production of electric vehicles and trucks. LG Energy Solution said it will invest $5.5 billion to build a manufacturing facility near Phoenix that will produce batteries for electric vehicles in 2025 and batteries for energy storage systems the following year. LG said its decision was driven in part by the Inflation Reduction Act, which was enacted in August and includes federal incentives for the sale and production of electric vehicles and batteries in the United States. [NY Times, 3/24/23]
WIBQ (IN): Entek’s Investment to Transform the Terre Haute Economy“Entek’s single largest investment is aimed at transforming Vigo County’s Terre Haute economy and propelling Indiana’s electric vehicle industry.”… The plant will provide the community with approximately 640 high-paying It is said to bring jobs. ” [WIBQ, 3/22/23]
WIS TV (SC): Bringing over 300 jobs and $1.3 billion in investment to Chester County. “Chemicals manufacturer Albemarle Corporation is investing $1.3 billion and creating more than 300 jobs to build a new ‘Megaflex’ lithium hydroxide processing facility in Chester County. Officials say the facility will meet growing demand for electric vehicles and other energy storage applications that use lithium-ion batteries. Albemarle’s new plant, located on nearly 800 acres near Richburg, will be dubbed a “Megaflex” facility because of its capacity to process a variety of lithium feedstocks, including lithium from recycled batteries, according to officials. will be ” [WIS TV, 3/22/23]
Nikkei Asia: Foxconn says it will make EV batteries in Wisconsin and Ohio. “Foxconn, a leading iPhone assembler, announced Wednesday that it plans to make electric vehicle batteries in Wisconsin and Ohio as U.S. inflation cuts laws spur demand for local production. Foxconn Chairman Young Liu said at an investor conference, “While we are building capacity in Wisconsin for battery cells and battery packages for energy storage systems, we are also building capacity for full vehicle battery packages at our Ohio facility. I will,” he said. [Nikkei Asia, 3/15/23]
Composition of the Atlanta Journal: Hyundai supplier PHA will build a plant near a huge coastal EV metaplant. “A sixth auto-parts supplier said Monday it will open a plant in coastal Georgia to support Hyundai Motor Group’s future $5.54 billion electric vehicle plant. PHA, a South Korean company focused on auto door parts such as latches and hinges, plans to build a $67 million plant in Chatham County that will employ 402 workers, according to a news release. I promised. ” [Atlanta Journal Constitution, 3/6/23]
The Control Inflation Act’s focus on renewable energy has spurred investments across the country that help grow the economy while fighting climate change
Center Square: America’s first solar cobalt plant planned for Yuma. “EVelution Energy is building the U.S.’s first solar-powered cobalt processing facility in Yuma County, Arizona. Construction is set to begin in 2024 and the facility is expected to be fully operational in 2026. A $200 million investment will provide about 300 construction jobs and 60 field jobs.Cobalt sulfate is an important part of the EV supply chain.” [The Center Square, 3/30/23]
Bloomberg: U.S. solar capacity gains boost from $147 million Hanwha plant. “Hanwha Solutions Corp. plans to invest $147 million in a Georgia plant that will supply materials for its panels, and President Joe Biden has leapfrogged efforts to build a solar supply chain in the United States. It is the climate law that started in 2008. The company’s Hanwha Advanced Materials Georgia division expects the facility to begin production in June 2024, according to a statement Thursday. Sister company Hanwha Qcells supplies capsule film for use at nearby sites. ” [Bloomberg, 3/23/23]
Reuters: Cirba Solutions to invest $300 million in battery recycling plant in South Carolina; “U.S.-based Cirba Solutions plans to invest more than $300 million in a lithium-ion EV battery recycling plant in South Carolina that will produce materials to power more than 500,000 batteries each year. Global demand for lithium batteries is soaring as more customers opt for electric vehicles and energy storage systems and as governments seek to cut carbon emissions. The 200-acre plant in Richland County, near Columbia, South Carolina, is scheduled to begin operations in late 2024 and will create more than 300 jobs, Cirba said. [Reuters, 3/22/23]
PV Magazine: SEG Solar Begins 2 GW Solar Panel Production in the US “SEG Solar (SEG) said it has acquired a factory building in Houston, Texas, where it plans to produce 2 GW of solar modules. It said it will produce solar modules based on Tunnel Oxide Passivation Contact (TOPCon) cell technology.The company said it plans to source some components from local suppliers.Production will start in the first quarter of 2024. The initial investment in the factory will reach $60 million.” [PV Magazine, 3/21/23]
Dallas Morning News: Dallas firm Arcosa has won an order for a $750 million wind tower. “The Dallas company, which specializes in products that support infrastructure, said it has a $750 million order for wind towers thanks to tax changes to manufacturing under the Inflation Reduction Act. Enough business to open a new factory in the state of Mexico and employ 250 new workers.A leading infrastructure products and solutions provider serving the construction, engineering structures and transportation markets. Arcosa, which owns the brand, said orders for the wind towers will begin in 2024 and continue through 2028.” [Dallas Morning News, 3/15/23]
State: Solar panel maker opens $33 million Midland factory, bringing 200 new jobs“The global solar panel maker plans to invest millions of dollars in Orangeburg County and create hundreds of new jobs. It will be Hounen’s first manufacturing operation in the U.S. The company plans to invest $33 million and create 200 new jobs.” [The State, 3/13/23]
Columbus Dispatch: A solar company building a Patascara plant that will employ 850 people. “A solar company announced Friday plans to build one of the largest solar panel manufacturing plants in the U.S. in Patascara. Illuminate USA has pledged to invest $220 million to build a 1.1 million square foot factory in the Licking County community, which will be operational by the end of the year. It is scheduled to begin, and Illuminate USA will begin management, assembly, and engineering work this spring.” [Columbus Dispatch, 3/10/23]
CT Insider: CT manufacturing company looking to add 45 jobs. “The Wallingford manufacturer, which makes equipment used to generate hydrogen, plans to spend $25 million to expand and upgrade production capacity at its Technology Lane facility. As many as 45 new employees will be hired.” [CT Insider, 3/8/23]
WSJ: A New York town that once thrived on fossil fuels. Now wind energy is on the rise. “About 300 miles from the coast, this former oil town has emerged as one of the early winners to push for offshore wind development in the Atlantic. The turbine’s massive steel parts are welded at the Jungström plant, which has been selling parts to coal-fired power plants for 100 years, and the plant’s manager says the conversion to wind power will mean more than 150 jobs. He said the facility, which had been dormant for several years, could be reopened. [Wall Street Journal, 3/5/23]
WV News: West Virginia, Company Leaders Break Ground on BHE Renewables $500 Million Complex in Jackson County. “West Virginia leaders joined the leadership teams of three companies on Saturday to embark on a project to build America’s manufacturing future on clean energy. The land hosted a landmark event: BHE Renewables, a Berkshire Hathaway Energy entity, has developed the property into a first-of-its-kind solar microgrid-powered industrial site. I have.” [WV News, 3/4/23]
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