Duke Energy site readiness efforts help land $1.2 billion advanced manufacturing project in Cherokee County
Duke Energy highlighted its Site Readiness Program as a key factor in USA Rare Earth’s decision to build a $1.2 billion advanced manufacturing facility in Cherokee County, South Carolina. The project will create 490 new jobs and strengthens the domestic rare earth supply chain, though the capital investment is made by USA Rare Earth, not Duke Energy.
Key figures
- Duke capacity mw
- 55700
- Duke customers gas
- 1600000
- Usa rare earth jobs
- 490
- Duke customers electric
- 8700000
- Site readiness total jobs
- 5200
- Usa rare earth investment
- 1200000000
- Site readiness total investment
- 3500000000
AI analysis
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