MI: Green Energy Firm Fortescue to Invest $35M in Mich. Advanced Manufacturing Facility, with 600 Jobs

Global green energy company Fortescue Metals Group is investing $35 million to create a cutting-edge Advanced Manufacturing Center in Michigan. The move signals Fortescue’s commitment to expanding its global manufacturing capabilities and fostering sustainable technologies, reports Australia's PV Magazine. In its initial phase, the project is expected to generate up to 600 jobs.

According to the company, the manufacturing facility will be a significant player in the production of automotive and heavy industry batteries, hydrogen generators, fast chargers, and electrolysers.

Dr Andrew Forrest, Fortescue’s executive chairman and founder, said the Advanced Manufacturing Center will rejuvenate the birthplace of the automotive industry. “We are committed to investing in the next generation of green manufacturing projects that will help decarbonise business and heavy industry, and in turn create a strong future for manufacturing jobs in the United States,” he said.

The choice of Michigan as the location for the Advanced Manufacturing Centre was deliberate, considering the state’s skilled workforce, established supply chain, and attractive incentives from both state and federal governments, reports PV Magazine.

Mark Hutchinson, Fortescue Energy CEO, highlighted the benefits of this strategic decision, stating, “Michigan and the United States are extremely attractive places to manufacture, given the skilled workforce, existing supply chain and significant incentives from state and federal governments, including the Inflation Reduction Act.”

One notable advantage for Fortescue’s new manufacturing centre is its eligibility for Inflation Reduction Act tax credits for Battery Modules, providing up to $10 per kWh. This incentive is anticipated to further stimulate the growth and development of the facility while contributing to the overall green transformation of the manufacturing sector.

The establishment of Fortescue’s Advanced Manufacturing Centre aligns with global efforts to transition towards sustainable and environmentally friendly practices.

By investing in green manufacturing projects, Fortescue aims not only to contribute to the reduction of carbon emissions but also to create a robust foundation for manufacturing jobs in the United States.