ICYMI: THE INFLATION REDUCTION ACT PASSED BY SENATE DEMOCRATS IS SPURRING MORE AND MORE INVESTMENTS ACROSS THE COUNTRY

In the last month, dozens of companies have announced they will invest in the United States, creating jobs, supporting our economy, and bringing back American manufacturing. These new announcements build on the historic new projects across the country that have been announced since the Inflation Reduction Act passed. More than $435 billion in investments in the United States have been announced under President Biden according to the White House.

TechCrunch: VW-Backed Scout Motors To Build $2B Factory In South Carolina

NY Times: LG Will Spend $5.5 Billion on a Battery Factory in Arizona

Dallas Morning News: Dallas Firm Arcosa Brings In $750 Million Of Wind Tower Orders

FOLLOWING PASSAGE OF THE INFLATION REDUCTION ACT, AUTOMAKERS ARE BRINGING NEW AUTO MANUFACTURING FACILITIES TO THE U.S., CREATING THOUSANDS AND THOUSANDS OF JOBS

Crains Detroit: Borgwarner To Invest $20.6 Million, Create 186 Jobs In Metro Detroit. “Auburn Hills-based BorgWarner Inc. plans to invest $20.6 million and add 186 jobs in metro Detroit as the automotive supplier accelerates its electric vehicle business. BorgWarner is looking to set up new EV labs, scale up manufacturing of its DC fast chargers and increase output of battery packs, according to a briefing memo from the Michigan Economic Development Corp., whose Michigan Strategic Fund board on Tuesday approved a $1.86 million performance-based grant for the project.” [Crains Detroit, 3/28/23]

Columbus Dispatch: Honda Marysville's Plant To Lead Way To Automaker's Electric Future. “The Marysville Auto Plant will be Honda's first plant in the U.S. to transition to the production of electric vehicles, the automaker said Tuesday as it laid out how the move to EVs will affect its U.S. manufacturing operations. Last October, Honda said it will invest $700 million to retool the Marysville Auto Plant, the East Liberty Auto Plant and the Anna Engine Plant as part of a plan to establish an EV hub in Ohio that will prepare for the production of battery-electric vehicles beginning in 2026. As part of that move, Honda announced the formation of a joint venture with South Korean company LG Energy Solution to invest a minimum of $3.5 billion to build a battery plant in Fayette County.” [Columbus Dispatch, 3/14/23]

TechCrunch: VW-Backed Scout Motors To Build $2B Factory In South Carolina. “Scout Motors, the VW Group spinoff taking aim at the U.S. market with rugged all-electric vehicles, is deepening its investment with plans to build a $2 billion factory capable of producing 200,000 EVs a year in South Carolina. There are a growing number of reasons for Scout Motors to keep the brand as red, white and blue as possible. And it’s not just to market itself to U.S. consumers. There are actual incentives on the line thanks to the Inflation Reduction Act and likely some kind of incentives package from South Carolina’s state government.” [TechCrunch, 3/3/23]

Nikkei Asia: Nissan To Spend $250m On U.S. Plant To Boost EV Motor Production. “Nissan Motor will invest $250 million to expand powertrain production at a plant in the U.S. state of Tennessee as part of an electrification strategy in the key North American market, the Japanese automaker said Monday.The Japanese automaker plans to start manufacturing four electric vehicle models in 2026 at its Canton plant in the state of Mississippi. To supply components for those EVs, Nissan will expand production of motors and other powertrain parts at the Decherd plant in Tennessee by that year.” [Nikkei Asia, 2/28/23]

THE INFLATION REDUCTION ACT IS INCENTIVIZING BATTERY MANUFACTURING IN THE U.S., SHORING UP SUPPLY CHAINS AND PROMPTING INVESTMENTS AND NEW JOBS ACROSS THE COUNTRY.

WBKO (KY): New $264m Manufacturing Facility, Enervenue, Coming To Shelby County. “Gov. Andy Beshear announced Tuesday continued job creation within Kentucky’s manufacturing and clean energy sectors as EnerVenue will establish a new manufacturing facility in Shelby County, creating 450 full-time jobs with a $264 million Phase 1 investment with potential for further investment.” … “For the initial phase of the project, EnerVenue will construct a new state-of-the-art 1 million-square-foot manufacturing facility on a 73-acre site located in Shelby County. The location will become the company’s state-of-the-art manufacturing plant for its Energy Storage Vessels.” [WBKO, 3/28/23]

NY Times: LG Will Spend $5.5 Billion on a Battery Factory in Arizona. “A South Korean battery manufacturer said it would quadruple its planned investment in a new factory in Arizona to meet growing demand from automakers who are trying to ramp up production of electric cars and trucks. The company, LG Energy Solution, said it would invest $5.5 billion to build the manufacturing complex near Phoenix, where it plans to make batteries for electric vehicles in 2025 and for energy storage systems the following year. LG said its decision was driven in part by the Inflation Reduction Act, which became law in August and included federal incentives for the sale and production of electric vehicles and batteries in the United States.” [NY Times, 3/24/23]

WIBQ (IN): Entek’s Investment To Transform Terre Haute Economy. “Entek’s single largest investment is set to transform Terre Haute, Vigo County’s, economy and catapult Indiana’s electric vehicle industry.”… “ENTEK’s future facility in Vigo County is planned to be their largest site with the most employees. The plant is said to be bringing around 640 high-paying jobs to the community.” [WIBQ, 3/22/23]

WIS TV (SC): 300+ Jobs, $1.3 Billion Investment Coming To Chester County. “Albemarle Corporation, a chemical manufacturing company, is investing $1.3 billion and creating 300+ jobs to build a new “Mega-Flex” lithium hydroxide process facility in Chester County. Officials say the facility will support the increasing demands for electric vehicles and other energy storage applications that use lithium-ion batteries. Albemarle’s new plant will be nearly 800 acres near Richburg, the facility will be called the “Mega-Flex” facility because it will have the ability to process diverse lithium feedstock, including lithium from recycled batteries according to officials.” [WIS TV, 3/22/23]

Nikkei Asia: Foxconn Says It Will Build EV Batteries In Wisconsin And Ohio. “Key iPhone assembler Foxconn on Wednesday said it plans to build electric vehicle batteries in Wisconsin and Ohio as the U.S. Inflation Reduction Act spurs demand for local production. ‘We will build capacity for battery cells and battery packages for energy storage systems in Wisconsin, while we will also build capacity for battery packages for whole cars in our Ohio facility,’ Foxconn Chairman Young Liu told an investors' conference.” [Nikkei Asia, 3/15/23]

Atlanta Journal Constitution: Hyundai Supplier PHA To Build Factory Near Giant Coastal EV Metaplant. “A sixth automobile parts supplier announced Monday that it will open a factory in coastal Georgia to support Hyundai Motor Group’s future $5.54 billion electric vehicle plant. PHA, a South Korean company focused on automotive door components, including latches and hinges, committed to a $67 million factory in Chatham County, which will employ 402 workers, according to a news release.” [Atlanta Journal Constitution, 3/6/23]

THE INFLATION REDUCTION ACT’S EMPHASIS ON RENEWABLE ENERGY HAS PROMPTED INVESTMENTS ACROSS THE U.S. THAT WILL HELP GROW OUR ECONOMY WHILE COMBATING CLIMATE CHANGE

The Center Square: First Solar-Powered Cobalt Factory In The U.S. Planned For Yuma. “EVelution Energy is building the first U.S. solar-powered cobalt processing facility in Yuma County, Arizona. Construction is expected to begin in 2024, with the facility fully operational in 2026. The $200 million investment will provide approximately 300 construction jobs and 60 on-site jobs. Cobalt sulfate is a key part of the EV supply chain.” [The Center Square, 3/30/23]

Bloomberg: US Solar Capacity Gets Boost From $147 Million Hanwha Plant. “Hanwha Solutions Corp. plans to spend $147 million on a plant in Georgia that supplies material for panels, drawing cheers from President Joe Biden who credits his climate law for jumpstarting efforts to build a solar supply chain in the US. Its Hanwha Advanced Materials Georgia unit expects the facility to go into production in June 2024, according to a statement Thursday. It will supply encapsulant film that sister company Hanwha Qcells will use at a nearby site.” [Bloomberg, 3/23/23]

Reuters: Cirba Solutions To Pour $300 Mln Into South Carolina Battery Recycling Plant. “U.S.-based Cirba Solutions will invest more than $300 million in a lithium-ion EV battery recycling plant in South Carolina that will produce materials to power over 500,000 batteries every year, the company said on Wednesday. Global demand for lithium batteries has boomed as more customers opt for electric cars and energy storage systems and governments seek to reduce their carbon footprint. Operations are expected to begin in late 2024 at the 200-acre plant located near Columbia, South Carolina in Richland County, Cirba said, adding it will create over 300 jobs.” [Reuters, 3/22/23]

PV Magazine: SEG Solar To Set Up 2 GW Of Solar Panel Production In U.S. “SEG Solar (SEG) says it has acquired a factory building in Houston, Texas, where it plans to set up 2 GW of solar module production. The California-based company said the facility will produce solar modules based on n-type tunnel oxide passivated contact (TOPCon) cell technology. The company says plans to source some components from local suppliers. Production is expected to start in the first quarter of 2024. The initial investment in the factory will reach $60 million.” [PV Magazine, 3/21/23]

Dallas Morning News: Dallas Firm Arcosa Brings In $750 Million Of Wind Tower Orders. “A Dallas firm that specializes in products that support infrastructure said it has $750 million in orders for wind towers thanks to the tax law changes for manufacturing in the Inflation Reduction Act. That’s enough business to open a new factory in New Mexico and hire as many as 250 new workers. Arcosa, a provider of infrastructure-related products and solutions with leading brands serving construction, engineered structures and transportation markets, said wind tower order deliveries will begin in 2024 and continue through 2028.” [Dallas Morning News, 3/15/23]

The State: Solar Panel Manufacturer To Open $33M Midlands Plant, Bringing 200 New Jobs. “A global solar panel manufacturer plans to make a multimillion-dollar investment in Orangeburg County and bring in hundreds of new jobs. Hounen Solar announced Monday that it would open a plant in Orangeburg at 145 Millenium Drive. It will be the first manufacturing operation for Hounen in the U.S. The company plans to make a $33 million investment and bring in 200 new jobs.” [The State, 3/13/23]

Columbus Dispatch: Solar Company To Build Pataskala Factory That Will Employ 850. “A solar company announced on Friday plans to build one of the largest solar panel manufacturing factories in the U.S. in Pataskala, a project that will create 850 jobs and comes just as construction of solar farms ramps up in Ohio. Illuminate USA has committed to investing $220 million in the Licking County community for a 1.1 million-square-foot factory. Operations are expected to start by year-end, and Illuminate USA will begin hiring administrative, assembly and engineering jobs this spring.” [Columbus Dispatch, 3/10/23]

CT Insider: CT Manufacturing Company Looks To Add 45 Jobs. “A Wallingford manufacturer that makes equipment used to produce hydrogen is going to spend $25 million to expand and upgrade the production capability at its Technology Lane facility, a move that will result in the hiring as many as 45 new employees over the next two years.” [CT Insider, 3/8/23]

WSJ: A New York Town Once Thrived On Fossil Fuels. Now, Wind Energy Is Giving A Lift. “This former oil town almost 300 miles from the coast is emerging as one of the early winners in the push to develop offshore wind in the Atlantic Ocean. The hulking steel components of wind turbines slated to rise out of the ocean east of Long Island are being welded at the Ljungström factory, which for 100 years has sold parts to coal-fired power plants. Plant managers here said their pivot to wind has meant hiring 150 more people and could reopen a facility that has been dormant for several years.” [Wall Street Journal, 3/5/23]

WV News: West Virginia, Company Leaders Break Ground On BHE Renewables $500 Million Complex In Jackson County. “West Virginia state leaders joined the top executives of three companies Saturday to break ground on a project to build the future of American manufacturing on a foundation of clean energy. A groundbreaking event was held on more than 2,000 acres of land in Jackson County, West Virginia. BHE Renewables, a Berkshire Hathaway Energy business, is developing the property into a first-of-its-kind solar energy microgrid-powered industrial site.” [WV News, 3/4/23]

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