Several high-profile guests were on hand for a ribbon cutting ceremony at the Advanced Nano Products Enertech facility in Elizabethtown Wednesday.
“We’re here to see Advanced Nano Products’s nearly $50 million investment for a facility that will produce parts for EV batteries,” said United States Secretary of the Treasury Janet Yellen. “It’s part of a boom in EV-related investments in Kentucky, and those are part of the massive investments in manufacturing and clean energy being made across the country.”
The secretary credited state incentives along with incentives created by the Inflation Reduction Act with helping to bring the facility to Elizabethtown.
Kentucky Governor Andy Beshear was also on hand for the ceremony. Beshear called Wednesday a banner day, and credited the hard work of local officials.
“When we made the announcements, we were excited,” Beshear said. “We knew it changed everything, but the reality is coming. And Mayor (Jeff Gregory), this right here, this city, this county, is becoming the center of our EV universe. Thank you for all of your work, and everybody, no matter what you did, you played a role.”
Korean Ambassador to the United States Hyundong Cho said the work of local officials to create partnerships with Korean companies makes developments like ANP no surprise.
“It’s not a coincidence that ANP chose to build their plant in Hardin County,” Cho said. “Governor Beshear and your local officials have sought out foreign investment and taken the necessary measures to bring factories and good jobs right here.”
The ANP facility is due to open in May.
