Japan auto giant's EV battery plant will be the third in Ontario—in addition to a Volkswagen facility in St. Thomas to start construction in 2025 and a Stellantis-LG plant in Windsor under way since last year.
The funding agreement with the U.S. Commerce Dept. was contingent on Micron Technologies' recently announced pledge to invest $50 billion in the plants over the next five years.
Utiiity firm, ranked No. 12 on ENR's Top 425 Owners list, begins building in May its 2.6-GW giant, set to be the largest offshore wind project in the U.S. when finished.
Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.