. . A Valence Press Release announced that Valence Technologies,Inc. of Austin,Texas as well as China,Northern Ireland &Las Vegas,Nevada chose Leander,Texas as the site for their $585 million dollar facility. Valence has applied for an Electric Drive Vehicle Battery &Component Manufacturing Initiative Grant as part of the Recovery Act. The State of Texas,Williamson County and the City of Leander,Texas are offering incentives. Valence’s manufacturing facility will be considered a sustainable industry because electric vehicles which include hybrid electric vehicles (HEVS) and plug-in hybrid electric vehicles (PHEVs),electric vehicles (EVs) &neighborhood electric vehicles (NEVs) are more efficient,and help reduce noise and air pollution because they are quiet,powerful,low to zero-emission vehicles.
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The news was released this week that Leander will not get this business due to Texas not getting federal stimulus money. Valence was relying on a grant out of the federal stimulus funds for renewable energy to open this in Leander,Texas at a site by the rail.