Freyr Battery cancels Georgia battery factory, shifts to Texas solar plant due to economic factors.

Freyr Battery, a Norwegian clean energy company, has canceled its $2.6 billion battery factory plans in Georgia, shifting focus to a solar panel plant in Texas. The Georgia project, which would have hired over 700 people, was abandoned due to various economic factors, including rising interest rates and falling battery prices. Freyr recently acquired a solar plant in Texas, marking a strategic pivot in the company's operations.

1 month ago
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