# LG Energy Solution revives Arizona battery factory with $5.6B investment

South Korea's LG Energy Solution Ltd said it would resume a stalled U.S. battery project with a $5.6 billion investment in Arizona to qualify for federal incentives under the Inflation Reduction Act.

- Type: Investment
- Announced: 2023-03-27
- Where: Arizona, United States
- Value: $5.60B
- Status: announced
- Products: batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [LG Energy Solution](https://endata.com/companies/11181.md)

## Sources

- [ceramics.org](https://ceramics.org/ceramic-glass-manufacturing-weekly/ceramic-and-glass-business-news-of-the-week-243/), 2023-03-27: "South Korea's LG Energy Solution Ltd said it would resume a stalled U.S. battery project with a $5.6 billion investment in Arizona to qualify for federal incentives rolled out under the Inflation Reduction Act."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.