Battery firm abandons plan for a $2.6 billion plant in Georgia

Norway's battery cell start-up Freyr is listed at the New York Stock Exchange, Thursday, July 8, 2021. (AP Photo/Mark Lennihan)

This story was updated on Friday, Feb. 7, 2025, at 8 p.m.

A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s suburbs after it shifted to buy a solar panel plant in Texas.

Freyr Battery told officials in Newnan on Thursday that it wouldn’t build a $2.6 billion plant that was supposed to hire more than 700 people, after sending a Jan. 21 letter to the Coweta County Development Authority announcing its plans to end the project.