Norwegian company abandons plans for $2.5 billion battery plant, 700 jobs in metro Atlanta

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Norwegian company abandons plans for $2.5 billion battery plant, 700 jobs in metro Atlanta

Plans that have been in the works for years to build

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have been scrapped.

Norwegian-based company Freyr addressed the Coweta County Development Authority on Thursday announce the cancellation of their plans.

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The $2.57 billion battery manufacturing plant

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and was slated to bring approximately 723 jobs into the area. The facility was set to be called Giga America and be located at the Bridgeport Industrial Park site.

Freyr previously said it would produce lithium-ion batteries at the plant and help address the rapidly growing global markets for electric vehicles, energy storage and marine applications.

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The company didn’t offer any reasoning for abandoning their plans, but a spokesperson told the

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that they are “focusing at the moment on the solar module manufacturing facility in Texas.”

Company spokespeople had nothing but good things to say about working alongside Coweta County and the State of Georgia

“This decision in no way reflects any concern with the support from our State of Georgia and local partners, each of whom have provided stellar support and guidance. Georgia is a great state to do business,” a company spokesperson said in a letter to Coweta County Development Authority Executive Director Sarah Jacobs.

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