American Energy Stories

American Energy Stories

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Magna International announced a $790 million investment to build two manufacturing facilities to supply BlueOval City

Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced today that Magna will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee. Combined, Magna will create approximately 1,300 new jobs in Tennessee.

By |2026-02-17T17:13:27-05:00February 17th, 2026|Uncategorized|0 Comments

General Motors and LG announced an almost $2.6 billion investment to build an EV battery manufacturing facility in Spring Hill

In April 2021, Ultium Cells announced plans for a second facility in Spring Hill, Tennessee, and progress is well under way, next door to where General Motors will build the all-electric Cadillac LYRIQ. The state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes. The facility is scheduled to begin production in January 2024 and by the completion of the launch will employ 1,700 people in new high-tech jobs. The plant will be extremely flexible and able to adapt to ongoing advances in technology and materials.

By |2026-02-17T17:13:27-05:00February 17th, 2026|Uncategorized|0 Comments

Dai Nippon Printing announced a $233 million investment for a lithium-ion battery pouch manufacturing plant in Linwood

Dai Nippon Printing Co., Ltd. (DNP), a lithium-ion battery pouch manufacturer, will create 352 new jobs in Davidson County, Governor Roy Cooper announced today. The company will invest $233 million to build its first U.S. advanced manufacturing facility in the City of Linwood.

By |2026-02-17T17:13:25-05:00February 17th, 2026|Uncategorized|0 Comments

Global Battery Material Manufacturer Announces New $649.9M Facility in Brunswick County, North Carolina, to Produce Graphite for EV Batteries

Epsilon Advanced Materials, a global provider of synthetic graphite used in electric vehicle batteries, announced today it will invest $649.9 million in a new manufacturing facility outside of Wilmington, North Carolina. The project, which will create 500 jobs in Brunswick County, will be one of the largest economic development announcements in the Southeast part of the state in the past 10 years and the largest-ever investment in North Carolina by a company from India.

By |2026-02-17T17:13:25-05:00February 17th, 2026|Uncategorized|0 Comments

Albemarle Secures DOE Grant for U.S.-Based Lithium Facility to Support Domestic EV Supply Chain

Albemarle Corporation (NYSE: ALB), a global leader in the specialty chemicals industry, announced it has been awarded a nearly $150 million grant from the U.S. Department of Energy (DOE) as part of the first set of projects funded by the President's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The grant funding is intended to support a portion of the anticipated cost to construct a new, commercial-scale U.S.-based lithium concentrator facility at Albemarle's Kings Mountain, North Carolina, location.

By |2026-02-17T17:13:25-05:00February 17th, 2026|Uncategorized|0 Comments