Reported about 22 hours ago
Ghost factories are emerging as a significant concern for the future of green manufacturing in the U.S., highlighting a series of abandoned or delayed projects due to rising costs, high interest rates, and shifts in federal policy. Notably, battery manufacturer Kore Power abandoned its plans for a factory in Buckeye, Arizona, amidst the backdrop of multiple cancellations of green projects across the nation. The recent rollback of green subsidies initiated by former President Trump raises further doubts about the industry’s viability, causing many manufacturers to reassess their commitments in a landscape marked by uncertainty and potential job losses.
Source: YAHOO