Introduction of Overseas Expansion Case in West Virginia, USA: The First Battery Manufacturing Plant
A rapidly growing energy venture founded in 2017! A case selected from over 500 site candidates across 16 states.
Form Energy (MA) has conducted a groundbreaking ceremony for its first battery manufacturing plant, Factory 1. The manufactured product, the iron-air battery, is a new class of battery with a very high cost-effectiveness. It can store energy for several days at one-tenth the cost of lithium-ion batteries. The reasons for choosing this location include that Weirton has historically suitable terrain and infrastructure for the steel industry, as well as expertise in producing excellent products from iron. Additionally, it is close to the existing pilot plant (PA). It was selected from over 500 site candidates across 16 states. 【Case Overview (Partial)】 ■Investment Amount: US$760 million ■Location: Weirton, WV (site of the Weirton Steel Plant) ■Manufactured Product: Iron-air battery ■Site Area: 55 acres *For more details, please refer to the PDF document or feel free to contact us.
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【Other Case Summary】 ■New Employment: 750 people ■Construction Start: 2023 *For more details, please refer to the PDF document or feel free to contact us.
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The West Virginia Government Office in Japan is an overseas office of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states, including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main characteristics of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the East and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern United States, advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.