Project Horizon

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PROJECT SUMMARY 

In January 2025, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $6.57 billion loan (consisting of $5.975 billion of principal and $592 million of capitalized interest) to Rivian New Horizon, LLC to finance the development and construction of Project Horizon, an electric vehicle (EV) manufacturing facility located in Stanton Springs North, near the City of Social Circle, Georgia.   

ECONOMIC IMPACT 

This project expects to support up to 2,000 full-time jobs through construction and 7,500 operations jobs by 2030, adding to the nearly 16 million jobs created since President Biden and Vice President Harris took office. The loan will support construction of a nine million square foot facility to manufacture up to 400,000 mass-market electric sport utility vehicles (SUVs) and crossover vehicles, boosting the regional economy and helping build America’s clean transportation future.    

CLIMATE BENEFIT 

At full capacity, the EVs manufactured at the facility are expected to yield an annual fuel consumption savings of approximately 146 million gallons of petroleum.     

COMMUNITY BENEFIT   

As outlined in its Community Benefit Plan, Rivian intends to hire at least a quarter of its employees at the Stanton Springs facility from the local community.  

Rivian is also working alongside the local technical college system to create training programs to attract, train, and retain the required workforce. This includes working with the State of Georgia’s QuickStart technical training incentive program, which provides customized workforce training to companies making job-creating investments in the state. Rivian currently has approximately twenty apprentices local to Georgia who have completed their initial round of education and are currently receiving job training at Rivian's Illinois plant.  Upon completion of the program, the apprentices will return to Georgia to work in the facility once it is operational. Rivian is exploring expanding participation in this program to other career paths. 

PROJECT STATISTICS: Project Horizon 

 * Last Updated January 2025. Approximate amount of the loan approved at closing including principal and any capitalized interest. 

** Estimated at the time of closing