Progress
FREYR has established relationships with world-leading stakeholders across the battery production value chain. These include raw material feedstock suppliers, technology providers, equipment manufacturers, and customers in target market segments.
Offtakers
- FREYR Battery Signs First E-Mobility Offtake Agreement with Impact Clean Power Technology to Supply Up to 14 GWh of LFP Cells
- Nidec Binding Sales Agreement 38 GWh
- Leading global publicly listed manufacturer and provider of energy storage systems (“ESS”) 31 GWh
- Honeywell to purchase 19 GWh of battery cells produced by FREYR
- Powin: 28.5 GWh Offtake Agreement
- Siemens Energy (MoU)
- Maersk (MoU)
- Scatec (MoU)
- ITOCHU (MoU)
- Eguana (MoU)
- Auto OEMs in discussion
Technology
Raw materials
- ITOCHU - Partner to Develop Materials Supply Chain
- MRC (previous Skaland Grafitt) - graphite (MoU)
- Elkem - Anode Active Materials (AAM) and development of materials (MoU)
- Aleees - Cathode Active Materials (CAM) (Service and license agreement)
- ITOCHU (Service Agreement)
- Glencore International AG (MoU)
- Talga Group Ltd. (MoU)
- Changzhou Senior New Energy Materials Co., Ltd. and Senior Material (Europe) AB - separator materials - announced
Equipment, software & services
- Hent Construction (Agreement)
- Umlaut (MoU)
- Siemens ingenuity for digital twin to simulate and optimize production (MoU)
- Norconsult (MoU)
- Metier (MoU)
- Rambøll (MoU)
- ITOCHU (MoU)
- Sumisho Metalex Corporation (Mou)
- Mpac Lambert (Contract for casting and unit cell assembly equipment package for Customer Qualification Plant and for agreement for Giga Arctic)
- NTE Process (Agreement for complete and integrated drying and powder handling system Giga Arctic)
- Hana Technology (Awarded strategic alliance frame agreement to jointly develop equipment and automation solutions for CQP and Giga Arctic)
- Contracts signed, but not announced, for equipment: Slurry Mixing, Foil Cut & Lamination, Pouch Assembly, Inspection & Packaging, Formation & Aging
Energy
- Statkraft hydropower, long term supply for CQP and Giga Arctic (Head of Terms)
- Helgeland Kraft hydropower for CQP and Giga 1 & 2 Mo i Rana (Letter of Intent)
Brownfield development sites
- Vaasa Finland Gigafactory area: preparatory work started and Environmental Impact Assessment program and application submitted
- Mo industripark - agreement of over 80.000 m2 (Giga Arctic site) + 13.000 m2 (CQP building) and further options of up to 90.000 m2 in plug and play brownfield adjacent to the quay.
- US site selection - selected and purchased site in Coweta Georgia for multiphase Giga America
Business development globally
- FREYR Battery and Nidec Corporation Complete Formation of Joint Venture
- FREYR Battery, Finnish Minerals Group and the City of Vaasa to Explore Industrial Scaling of Battery Cell Technology and Production in Finland
- Letter of Intent with Logistea AB in Sweden for site in Svenljunga northeast of Gothenburg
- Head of Terms agreement with Aleees to pursue a Joint Venture (“JV”) with the ambition to establish an LFP cathode plant in the Nordic region
- Establishment of a technology resources campus and business unit in Japan
- Establishment of a technology center in Boston US
- Jointly development of equipment and automation solutions with Hana Technologies for CQP and Giga Arctic
- Joint Venture Agreement with Nidec to develop, manufacture and sell battery modules and battery pack solutions for industrial and utility grade battery energy storage systems applications
- FREYR Battery and ITOCHU partner to Develop Materials Supply Chain
Milestones
Q4 2017
Feasibility study for battery cell industry in Norway driven by NTNU and founder Tore Ivar Slettemoen
01.02.2018
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
02.04.2019
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
18.06.2019
FREYR enters into an investment and partnership agreement with EIT InnoEnergy, an independent EU body, to build a battery cell gigafactory in Norway
18.08.2019
FREYR announces ambition to develop a Nordic Battery Belt, with potential for building four gigafactories in Norway
02.07.2020
FREYR completes NOK 130 million of pre-construction financing of the first lithium-ion battery cell (LIB) facility in Norway with significant local and regional support
2019-2020
Feasibility study financing for first gigafactory, feasibility study, battery technology licensing agreement, governmental permits, development contracts, supply contracts, off-take agreements
29.01.2021
Announcement of Business Combinations between Alussa Energy and FREYR AS
08.07.2021
Listing on New York Stock Exchange as FREYR Battery
19.07.2021
Final Investment Decision for Customer Qualification Plant (CQP)
Q1 2023
Ramp up of sample cell production