The following are the top five companies that announced major business expansion & investment between the 20th and the 25th of November 2023, curated from the Intellizence Business Expansion Dataset.
Business Expansion Investment – $2.8 Billion
Spain’s Grenergy plans to more than double its U.S. solar power generation projects pipeline under a 2.6 billion euro ($2.8 billion) investment strategy in the next three years. Spanish energy firms such as renewables giant Iberdrola and oil major Repsol have increased their focus on the United States as they try to take advantage of massive subsidies under the Inflation Reduction Act (IRA).
Business Expansion Investment – $2.39 Billion
Nissan Motor is expanding its electric vehicles and battery manufacturing capacity in the U.K. with investments of up to 3.0 billion pounds ($2.39 billion) as the carmaker pushes to have an all-electric lineup in Europe. The Japanese company plans to add a third gigafactory and produce two additional models at its EV hub in Sunderland.
Business Expansion Investment – $2.3 Billion
Novo Nordisk plans to invest $2.3 billion to increase the production of its highly sought-after weight-loss and diabetes medications at a facility in Chartres, France. This move comes as the company works to meet the rapidly rising demand for these drugs.
E-One Moli Energy
Business Expansion Investment- $1 Billion
E-One Moli Energy is constructing a lithium-ion battery cell production facility in British Columbia. This CA$1 billion project is expected to generate around 350 job opportunities. Stantec, a renowned global leader in industrial architectural and sustainable design and engineering, has been chosen to provide a comprehensive range of services – planning, architectural design, mechanical and electrical engineering, fire suppression systems, structural engineering, industrial engineering, ICT services, civil engineering, geotechnical engineering, substation engineering, interior design, landscape architecture, sustainability consulting, building commissioning, and environmental services.
Business Expansion Investment – $500 Million
Microsoft plans to invest $500 million to expand its digital infrastructure presence in Quebec as it ramps up its efforts to enhance artificial intelligence and computing capabilities in Canada. The company plans to grow its cloud computing and AI infrastructure in the province with the investment over the next two years to increase the size of its local cloud infrastructure footprint across the country.
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