Business to invest $500 million in Ravenswood, W.Va.

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CHARLESTON, W.Va. (WSAZ) – A company is investing $500 million to develop a first-of-its-kind industrial site powered by a renewable energy microgrid in West Virginia, Gov. Jim Justice said.

At a press conference on Tuesday, the Governor of Justice announced that Berkshire Hathaway Energy is buying more than 2,000 acres of land in Ravenswood, West Virginia.

The first company to move to the site will be Precision Castparts Corp. (CCP). The company will develop a state-of-the-art titanium smelting plant that will use 100% renewable energy to manufacture titanium aerospace products.

Officials say it will create hundreds of jobs.

According to the West Virginia Democratic Party, the facility will be located on the property of the former Century Aluminum plant.

In a special session on Monday, West Virginia lawmakers passed an economic bill for a large manufacturer they say could eventually create about 1,000 jobs.

Alicia R. Knapp, CEO of BHE Renewables, said the company is also donating $500,000 to the United Way Alliance of the Mid-Ohio Valley for economic development projects in and around Jackson County.

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