Norwegian battery company Freyr to open US manufacturing facility with stimulus from IRA

Date Published06/27/2023

Additional Reshoring Information:

Company/Division name FREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):725
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):2500
Country(ies) from which reshored:Norway
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbatteries
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies
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