FREYR offers a Nordic solution to accelerating demand for green batteries.
As an experienced licensor with financing and execution track-record from large-scale industry projects, FREYR can leverage best available technology – based on reference plants – to provide cost competitive battery cell supply at speed.
03.01.18
Initiation of FREYR to reduce CO2 emissions through electrification and leveraging Norway’s green energy leadership; financed by its founders and government backed Innovation Norway
08.06.18
FREYR secures landowner rights for Sjonfjellet windfarm, which could deliver a substantial part of the energy required for a battery cell factory in Mo; local political support confirmed
02.04.19
FREYR soft launch its plans to build a battery cell production facility in Norway in partnership with SINTEF and NTNU, the two leading Norwegian scientific research institutions
18.06.19
FREYR secures €7.25 million investment from EIT InnoEnergy, an independent EU body, to build a battery cell gigafactory in Norway based on proven in-licensed technology
18.08.19
FREYR announces ambition to develop a Nordic Battery Belt, with potential for building four gigafactories in Norway
2019-2020
Feasibility study financing for first gigafactory, feasibility study, battery technology licensing agreement, governmental permits, development contracts, supply contracts, off-take agreements
2021
Project financing, construction phase initiation
2023
Production estimated to commence
This activity is supported by EIT InnoEnergy. EIT is a body of the European Union.
FREYR is in a broad number of partnership discussions with key stakeholders across the Battery Cell Production Value chain which we are currently not at liberty to disclose. These include raw-material feedstock providers, technology providers, equipment manufacturers and potential customers across various segments.