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.
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