WIXOM – Two companies that make energy storage devices and solar panels have reportedly reached an agreement to buy Ford Motor Co.’s huge Wixom Assembly Plant and transform it into an alternative energy park. Terms of the deal were not announced.
The 50-year-old plant, which closed in 2007, will get a $725 million make over and could someday employ as many as 4,000 people, Automotive News reported.
The buyers are, Xtreme Power, an Austin, Texas, company that makes energy storage systems, and Clairvoyant Energy of Santa Barbara, Calif., which specializes in rooftop solar power systems.
Whether the 320-acre site, with some 14.7 million square feet of manufacturing space, will build more than alternative energy products remains to be seen. But that could be a possibility for auto-related manufacturers.
“We had many options for this land,” Phil Horlock, chairman and CEO of Ford Motor Land Development Corp., said in a statement. “But we believe this project, that revitalizes a closed auto plant and the local community, has the greatest potential to bring green jobs and economic development to the region.”
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