town_of_queen_creek_annual_budget_report_fy2024.pdf
LG Energy Solutions Starts Major Battery Plant in Queen Creek
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Description
LG Energy Solutions broke ground in 2024 on a $3.2 billion battery manufacturing complex in Queen Creek under a Town development agreement. The Town provides $84 million in supporting infrastructure projects, with full production expected in 2026.
Contract Details
Contract Amount
$3.2 billion (estimated facility construction cost)
Vendor
LG ENERGY SOLUTIONS
Agency
Town of Queen Creek, AZ
Contract Type
CONSTRUCTION
Document Date
June 30, 2024
Contract Term
Groundbreaking 2024; phase one facility to begin production by 2026; economic activity over 10 years
Renewal Date
2034-06-30
Renewal Info
Development agreement outlines infrastructure support; facility construction ongoing through at least 2026.
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