Battery component maker Anovion Technologies has selected Decatur County in Southwest Georgia to build its 1.5 million-square-foot manufacturing plant. Georgia was one of the 15 states that fit the company's profile for the plant. The company zeroed in on Georgia due to existing rail infrastructure, access to renewable energy power sources, and accessibility to battery suppliers. - Anovion, which manufactures synthetic graphite for batteries, predicts that the plant will cost $800M to build.
- The firm will divert a significant portion of the $117M grant it received from the U.S. Department of Energy's Bipartisan Infrastructure Law towards the facility's construction.
- Anovion aims to begin production at the new facility in Q4 2025, slowly ramping up production to reach peak output in 2026.
- The peak production capacity for the plant is estimated to be 40,000 metric tons of products.
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