A small Norwegian industrial town, Mo i Rana, had high hopes of becoming the green energy capital of Norway. However, those hopes were dashed when Freyr, an electric battery company, decided to pause the construction of its factory in the town. The decision came after the passage of the Biden administration's climate bill in 2022, which offered significant tax breaks and grants for clean energy technology through the Inflation Reduction Act. The act aimed to attract green industries to the United States, making it more appealing for Freyr to set up shop there instead of Mo i Rana. This shift reflects the global competition among countries to attract green industries through favorable regulations and public subsidies. The town of Mo i Rana had anticipated that the factory would bring economic growth and employment opportunities to the region, but now they are left disappointed. [bc39557c] [8ae20ddf]