Ghost factories are a warning sign for green manufacturing’s future
By Saijel Kishan, Bloomberg News
The vast tract of land off Route 85 was meant to be a symbol of Made-in-America manufacturing. A billion-dollar battery factory was going to rise, bringing thousands of new jobs. The business announced, “Get Ready Arizona,” the governor said the state was thrilled and even the U.S. president gave the project a shoutout.
But here, in the boomtown of Buckeye, less than an hour away from Phoenix, the 214-acre lot sits empty. Work on the site had started, said Shelby Lizarraga, who manages the gas station next door, “but then it went all quiet.”
Four years after the fanfare, battery maker Kore Power Inc. abandoned its plans for a plant in Buckeye. The company’s chief executive officer stepped down and a promised $850 million federal loan was cancelled.
Kore isn’t alone in its dashed ambitions. In Massachusetts, a wind turbine cable factory set to be built on the site of a former coal power plant was scrapped. In Georgia, the construction of a facility that would have made parts for electric vehicle batteries was suspended more than halfway through. And in Colorado, a lithium-ion battery maker said it wouldn’t go forward with its factory there, at least for now.
