FREYR Battery

Assembly Line

Koch Teams With Startup to Build Giant Battery Factory in Georgia

📅 Date:

✍️ Author: Stephen Wilmot

🏢 Organizations: Koch, FREYR Battery

Norwegian startup Freyr Battery and energy conglomerate Koch Industries Inc. are accelerating their plan to build a multibillion-dollar battery plant that will be among the largest to tap incentives in President Biden’s climate, tax and spending plan, Freyr said.

Koch’s chief executive long opposed environmental regulation and subsidies while funding groups that questioned climate change. The company and Freyr will likely invest more than $2.6 billion in two phases for the Georgia plant, which will supply batteries primarily for the U.S. power grid.

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