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EDA updates on DeLorean Power option for Falling Branch lots; project dependent on Appalachian Power program
Summary
DeLorean Power holds an option to purchase 10.49 acres at Falling Branch (Lots 2A/2B) for an energy storage project; staff said the project’s advancement depends on Appalachian Power’s program and the purchaser owes a $20,000 payment currently listed as 'in the mail.'
Montgomery County Economic Development Authority staff updated members on an option held by DeLorean Power to buy Lots 2A and 2B (about 10.49 acres total) in Falling Branch for a battery-storage project.
Brian (staff member) said Lot 2B is six acres the authority previously acquired from a private seller behind United Therapeutics, and Lot 2A is about 4.89 acres. He said DeLorean…
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