Norwegian company cancels $2.6B investment

We’re used to scoring economic development victories here in Georgia, but one Coweta County project took a major L when Norwegian battery-maker Freyr cancelled a $2.6 billion project.  The company announced plans to build the energy storage facility in 2022, scoring some $350 million in grants and tax incentives from the state.  But inflation and Chinese competition crippled the startup, which has also had to lay off workers in Europe. State officials say taxpayers are protected in situations like this, since the bulk of tax breaks only come upon completion of projects.  The dud has Freyr’s Georgia presence SINKING…