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Behind the deal: Battery manufacturer chose Arizona from among a dozen states

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PHOENIX — After a search across about a dozen states over the course of a year, Utah-based startup American Battery Factory picked Arizona for its first U.S. facility and headquarters this year.

ABF, which was incubated from Lion Energy in 2021, is planning to build a $1.2 billion lithium-iron-phosphate battery manufacturing plant that will total 2 million square feet in the Tucson metro.

The new factory, expected to have a $3 billion economic impact on the state, will create an initial 300 jobs for three shifts and scale up to 1,000 employees at full build-out with average annual wages of $65,000.

The initial phase of the company's facility will produce 3 gigawatt hours annually and eventually scale up to 16-gigawatt hours annually. It will be located at the county's Aerospace and Research Campus close to Tucson International Airport and developed in three phases.

Read more of this story from the Business Journal.