Thursday, February 29, 2024

Form Energy selects West Virginia for its first iron-air Battery Plant

Form Energy will build its first iron-air battery manufacturing facility in West Virginia, the company and state officials announced.

The facility represents a total investment of $760 million and is expected to create a minimum of 750 new full-time jobs. The company received a financial incentive package worth $290 million to locate the facility in the city of Weirton, the West Virginia Governor’s Office said.

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Form Energy CEO Mateo Jaramillo said the company evaluated 500 potential locations across 16 states for the plant. Construction will begin next year with manufacturing operations starting in 2024.

In a statement, Sen. Joe Manchin of West Virginia said that an announcement like Form Energy’s is “exactly what I had in mind as I negotiated the Inflation Reduction Act.”

SOURCE: Renewable Energy World

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