VAN BUREN TOWNSHIP, MI—Our Next Energy (ONE), a Michigan-based energy storage technology company, will invest $1.6 billion to build a new battery cell manufacturing plant here.

Called ONE Circle, the factory is expected to create 2,112 new jobs. When operating at full capacity, the factory will be able to produce enough battery packs to power 200,000 electric vehicles annually.

“ONE is thrilled to select Michigan for our first cell factory, due to the state’s unique combination of battery talent, proximity to material supply and access to low-cost energy,” says Mujeeb Ijaz, founder and CEO of ONE.

ONE’s workforce development program will begin in 2024 and will train Michigan residents for high-skilled manufacturing jobs at ONE Circle. The company will partner with Detroit-based Focus: HOPE and Walker-Miller Energy Services to train workers.

ONE will offer an average annual salary of $67,456, as well as industry-leading benefits and a comprehensive training program. Over the course of 20 years, ONE Circle is expected to generate $967 million in state taxes and more than $13 billion in new personal income.

By 2028, ONE Circle will drive down carbon emissions by 45 percent by onshoring its supply chain and integrating materials refinement with its Massachusetts-based partner, 6K Energy. The company also plans to use renewable energy for 50 percent of its power needs. ONE is also partnering with a well-known North American battery recycler to bring recycled materials back into its LFP and anode-free cells.