Freyr will not proceed with $2.6B factory in Georgia, AJC reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Freyr Battery Factory Plans Cancelled: Freyr Battery announced it will not move forward with its $2.6 billion factory project in Newnan, Georgia, which was intended for manufacturing battery energy storage systems.
Impact on Renewable Energy Storage: The factory was planned to support the storage of electricity generated from solar and other renewable sources, highlighting a setback in renewable energy infrastructure development in the region.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
