FREYR Battery production plant abandoned in Coweta County

The FREYR Battery production plant is a $2.57 billion lithium ion cell factory that was planned for Bridgeport Industrial Park in Coweta County, Georgia, and it will not be built. FREYR gave the Coweta County Development Authority formal notice on 21 January 2025 that it was discontinuing the project, citing realigned near term goals. Construction never started on the 368 acre site.

Where the FREYR Battery production plant money went instead

FREYR sold the land for $50 million in February 2025, netting about $22.5 million after repaying state and local grants, then rebranded as T1 Energy and pivoted to solar. Domestic manufacturing capital has followed that route, as Suniva’s $835 million raise for solar cells shows. Bridgeport Industrial Park is now the subject of a data center proposal.

Project Overview

• Project Name: FREYR Giga America Battery Production Plant
• Location: Bridgeport Industrial Park, off Interstate 85 near Newnan, Coweta County, Georgia, United States
• Status: Cancelled in January 2025 before any construction, site sold in February 2025
• Project Value: $1.7 billion for the first phase rising to more than $2.57 billion by 2029 (FREYR, November 2022)
• Client or Owner: FREYR Battery, since rebranded as T1 Energy, with joint venture partner Koch Strategic Platforms
• Key Components: Initial battery cell production module of approximately 34 GWh built on the SemiSolid platform developed by 24M Technologies, aimed at energy storage and electric vehicle markets
• Site: 368 acres bought in late 2022, sold in February 2025 for $50 million with net proceeds of about $22.5 million after grant repayments
• Jobs Planned: 723 over seven years
• Public Support: Up to $358 million in state and local incentives was reported by the Atlanta Journal-Constitution in early 2023, including $228 million in local tax breaks over 20 years, alongside a $7 million state grant used to buy the site that FREYR was expected to repay
• Strategic Impact: Capital was redirected to a 5 GW solar module plant at Wilmer, Texas that FREYR bought from Trina Solar for $340 million, and the company moved its headquarters to Austin

Project Team

• Developer and Owner: T1 Energy, formerly FREYR Battery
• Joint Venture Partner: Koch Strategic Platforms
• Battery Technology Provider: 24M Technologies
• Site Purchaser: Coweta Bethlehem Church 368 LLC
• Local Development Body: Coweta County Development Authority
• State Agency: Georgia Department of Economic Development
• Utility Named for the Bridgeport Site: Georgia Power

Reported 17th November 2022: A $2.57 billion FREYR Battery production plant will soon be built in Coweta County, Georgia. The developer, FREYR Battery announced that it recently purchased a 368-acre plot at the Bridgeport Industrial Park site for the project. According to the developer, the site location was selected based on key operational, logistical, and financial criteria.

FREYR and its joint venture partner, Koch Strategic Platforms have plans of building the new battery plant in multiple phases. Consequently, both companies are contributing a total of  $70 million to commence the initial phase of the  FREYR Battery production plant.

Koch is investing $50 million, while FREYR is providing the remaining 20 million for the initial phase. Additionally, FREYR will also apply for U.S. Department of Energy funds and other grants to raise more funding.

Also Read Toyota to construct new US$1.3 billion battery plant in North Carolina

Development plans for the FREYR Battery production plant

The focus of the new FREYR Battery production plant will be mostly on battery energy storage solutions. According to the developers, energy storage is particularly important for wind and solar energy systems in the U.S. Therefore, the project’s initial phase will include a cell production module of approximately 34 GWh. This was designed based on the next generation of 24M Technologies for the SemiSolid™ production platform in the U.S.

The developers expect the new Battery production plant to create about 723 jobs. In addition,  the project is also likely to provide capital investments worth more than$2.6 a billion by 2029. Especially since FREYR is targeting a broader global plan of building up to 200-gigawatt hours of capacity by 2030.

Governor Brian Kemp was pleased with the new  Battery production plant and welcomed the developers to the state. Kemp said FREYR was the latest company to bring transformational investments and opportunities to communities in the Peach State. Therefore, the Governor said he was looking forward to witnessing their growing impact on Coweta and the surrounding region