Things remain up in the air concerning Microvast and it’s proposed Hopkinsville location, but the Southwestern Kentucky Economic Development Council is hopeful it will still happen.
In May, the U.S. Department of Energy made the decision to not award $200 million in grants to Microvast for their Tennessee location, and Microvast is taking time to reassess what that means for projects in both Clarksville and Hopkinsville. Executive Director Carter Hendricks says they’re still in good communication with leadership at Microvast and the company has not indicated to them that the project is off.
The state of Kentucky has also paused the $21 million in incentives for Microvast in the meantime, and Hendricks says that is understandable and he remains hopeful the project will move forward.
Microvast had chosen Commerce Park #2 in Christian County to invest $504 million and create 562 full-time jobs. Construction was expected to begin this year and be completed by March 2025. The project would be Microvast Advanced Membrane Inc.’s first in Kentucky and consist of a 350,000-square-foot building on 100 acres.