Name of the Project
Piquette Avenue – US Advanced Manufacturing Center.

Location
Michigan, in the US.

Project Owner/s
Fortescue.

Project Description
The proposed manufacturing centre will become a major hub for Fortescue’s production of automotive and heavy industry batteries, hydrogen generators, fast chargers and electrolysers.

The new manufacturing centre is expected to directly benefit from the US Inflation Reduction Act tax credits for battery modules of up to $10/kWh.

Potential Job Creation
The facility has the potential to create up to 600 jobs in its first phase.

Capital Expenditure
$35-million.

Planned Start/End Date
Production is expected to start in 2025.

Latest Developments
Not stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Fortescue communications, email media@fortescue.com; or email investor relations, tel +61 8 9230 1647 or email investors@fortescue.com.