Gov. Andy Beshear announced what he said is the third largest job announcement in Kentucky during his governorship Friday — a $712 million battery manufacturing plant in Shelbyville.

Officials said the plant would eventually become the largest employer in the city; the company is expected to hire 1,572 employees in its first three years.

“We’d already become the [electric vehicle] battery production capital of the United States, but with this investment, we’re putting our stamp on working to become just the battery capital of the United States of America,” Beshear said. “Now with Shelbyville Battery Manufacturing, we’re going to lead in the industrial electrification space.”

The two other major projects of Beshear’s administration — BlueOval SK Battery Park in Hardin County and the AESC battery manufacturing plant in Bowling Green — both produce electric vehicle batteries.

The new plant will create industrial battery cells and modules used in projects like solar and hydroelectric power generation. Shelbyville Battery Manufacturing is owned by e-STORAGE, a subsidiary of Canadian Solar Inc. which is a global renewable energy company based in Ontario.

The facility appears to be on the same site as a previously announced plant. Energy storage firm EnerVenue finished construction of the plant last year, but never began operations.

Because the one-million-square-foot factory is already largely constructed, Colin Parkin, president of e-STORAGE, said they hope to have the plant up and running by the end of next year.

“The products we will build in the Shelbyville factory will be ready, will be installed into energy storage projects nationwide by early 2026,” Parkin said. “That is, of course, a very aggressive timeline.”

The Kentucky Economic Development Finance Authority approved a 15-year incentive agreement with Shelbyville Battery Manufacturing, with up to $35 million in tax incentives — and another $5 million besides through the Kentucky Enterprise Initiative Act. The governor’s office said those incentives are based on the company’s investment and an average hourly wage of $25.34 with benefits for 15 years across the nearly 1,600 new jobs.

GOP Senate President Robert Stivers of Manchester said in a statement he celebrated the new investment.

“The General Assembly has worked to foster a pro-business environment in Kentucky, making us an attractive destination for global companies,” Stivers said. “We’ll continue this work, alongside Gov. Beshear, to keep bringing opportunity to our citizens.”

Shelby County Judge/Executive Dan Ison said he wants to increase industry in Shelby County by welcoming “quality business.”

“We don’t just open the door and say, ‘Come in, pollute our community.’ No, we get clean business. We get good business. We get good jobs,” Eisen said.

State government and politics reporting is supported in part by the Corporation for Public Broadcasting.