Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb.
— are much larger and richer than others. But to compete with the U.S., the EU relaxed those restrictions for clean industries, marking a fundamental change for Brussels from its long-held view that government should take a hands-off approach to free markets.
“You might have more proximity, but the cost will be much higher” if global supply lines disappear, she warned."Will the consumer be willing to pay?” , which it called the biggest single investment ever for a standalone battery manufacturing facility in North America., LG “aims to respond to the fast-growing needs for locally manufactured batteries on the back of the IRA,” the company said.by 2025 and batteries for energy storage systems a year later.
“It’s important for us to produce batteries on both sides of the Atlantic because our customers and our supply chain partners want us to be present in both places,” CEO Jensen said at an opening ceremony for a pilot plant in Mo i Rana.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US tax breaks lure European clean tech companies as EU lagsNorwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production. Across Europe, companies seeking to invest in the green energy boom ranging from batteries to solar panels are making similar calculations. They're weighing up the U.S. Inflation Reduction Act’s $375 billion in benefits for renewable industries against Europe's fragmented response. Executives hail the U.S. program’s simplicity. Some complain that a plan from the 27-nation European Union is underwhelming, confusing and bureaucratic, putting Europe at risk of falling behind in the green energy transition.
Read more »
Over 24,000 Norwegian workers to strike after talks failThe unions are demanding an increase in real wages this year after two years of consumer prices rising faster than nominal wages, citing healthy profits in Norwegian industries.
Read more »
Standouts impress at the Rivals Combine Series in Atlanta - Rivals.com
Read more »
Atlanta woman accidentally shoots herself during struggle with brother: policeA Georgia woman accidentally shot herself twice in the head after getting into a struggle with her brother, who tried to disarm her. Atlanta Police Department is investigating.
Read more »
Trae Young and his Atlanta Hawks have nowhere to hide against the Boston CelticsBOSTON — The Celtics led the Hawks by 30 points at halftime in Game 1 of their first-round playoff series when Cedric Maxwell called to Dominique Wilkins across the media dining area in TD Garden's underbelly.
Read more »
Stars shine at the Rivals Camp Series in Atlanta - Rivals.com
Read more »