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Intel to invest $20B to build two processor factories in Ohio

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Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Credit: Intel Corporation). strategy.

Ohio 435
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LG Energy Solution and Honda break ground for new JV EV battery plant in Ohio

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Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant more than 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio—about 40 miles southwest of Columbus. Earlier post.) The two companies have committed to invest $3.5

Ohio 259
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Honda investing $700M in three Ohio plants to retool for EVs; with LG gigafactory, Ohio becomes Honda EV hub

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Honda will invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production of electric vehicles. Honda’s EV hub will leverage the company’s longstanding production, product development, and purchasing operations located in Central Ohio. Combined withe the $3.5-billion

Ohio 186
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GE and Lake Erie Energy Development Corporation Establish Partnership; Great Lakes Offshore Wind Farm

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GE and Lake Erie Energy Development Corporation ( LEEDCo ) of Northern Ohio have formed a long-term partnership beginning with the development of the first fresh water offshore wind farm in the US and involving a broad range of other initiatives.

Wind 210
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

Purchase 299
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Ohio Third Frontier Advanced Energy Program Recommends Nearly $7.2M in Funding for 6 Projects; 3 Li-ion Awards

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The Ohio Third Frontier Advanced Energy Program recently recommended nearly $7.2 The Ohio Third Frontier Advanced Energy Program supports research and development that addresses the technical and cost barriers to commercialization of advanced energy components and systems, with preference to wind, biomass, and energy storage in Ohio.

Li-ion 218
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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

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Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

Motoring 334