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MegadealsSubsidy Tracker Individual Entry
Company: Envision AESC
Parent Company:
Envision AESC
Subsidy Source: multiple
Location: Kentucky
City: Bowling Green
County: Warren
Project Description: EV battery manufacturing
Year: 2022
Major Industry of Parent: miscellaneous energy products and systems
Specific Industry of Parent: electric vehicle batteries
Subsidy Value: $121,800,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 2,000
Capital Investment: $2,000,000,000
Source of Data: An April 13, 2022 Gov. Beshear's press release: "Beshear: Envision AESC's Investment in 30GWh Kentucky Gigafactory Creates 2,000 New Jobs and Solidifies the Commonwealth as New Electric Vehicle Battery Capital";
(click here). Warren County Fiscal Court Meeting Minute for May 6, 2022: Warren Fiscal Court Meeting:
(click here)
Notes: The gigafactory will be located in the Kentucky Transpark. The company promised to power the plant with 100% renewable energy sold by The Tennessee Valley Authority. The state offered $116.8 million from unspecified subsidy programs and up to $5 million for workforce training from the grant-in-aid program. On May 6, 2022, Warren County approved $4 billion Industrial Revenue Bonds (payable by the company) and a PILOT agreement, however, no other information is available. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.