AEsir Technologies Plans Rapid City, South Dakota, Factory
10/22/2021
The first phase of construction will build a $90 million, 150,000-square-foot manufacturing and distribution center with the capacity to make 1.2 million batteries, or 2 gigawatt-hours, each year.
“We are excited about this phase of our company’s growth,” said Randy Moore, Æsir’s president and CEO. “It is important to note that we will continue to serve the aerospace and defense part of our business plan out of our Joplin, Missouri, manufacturing plant.”
The state will reportedly provide $1 million to assist with workforce development, as well as debt support for construction and new equipment.
“I want to thank Æsir Technologies for selecting Rapid City as the location for its new gigafactory. To all the employees who are planning to make the move, we look forward to welcoming you to your new home,” said Governor Kristi Noem. “We appreciate companies that dream big in the Mount Rushmore state. We want South Dakota to be the place where Æsir Technologies drives new innovations in its industry.”
The batteries manufactured at the complex will power data centers and telecommunications networks. The final campus, with four buildings overall, will be able to produce 4.8 million batteries annually and house 1,200 to 1,500 workers.
Project Announcements
Quantum Fuel Systems Plans Wixom, Michigan, Manufacturing Operations
03/17/2024
The Paslin Company Expands Pontiac-Shelby-Warren, Michigan, Operations
03/17/2024
Schneider Electric Plans-Expands Mt Juliet-Smyrna, Tennessee, Production Operations
03/15/2024
FreezPak Logistics Plans Suffolk, Virginia, Cold Storage Operations
03/15/2024
FrameTec Plans Casa Grande, Arizona, Production Operations
03/15/2024
Ferroglobe Plans Wallace, South Carolina, Production Operations
03/14/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
AI 101 for Site Selection
Q4 2023
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023