Progress

FREYR has established multiple 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.

Off-takers

  • Siemens Energy (MoU)
  • Maersk (MoU)
  • Scatec (MoU)
  • ITOCHU (MoU)
  • Auto OEMs in discussion

Technology

Raw materials

  • MRC (previous Skaland Grafitt) - graphite (MoU)
  • Elkem - Anode Active Materials (AAM) and development of materials (MoU)
  • Cathode Active Materials (CAM) secured - to be announced
  • ITOCHU (MoU)
  • Glencore International AG (MoU)

Equipment, software & services

  • Umlaut (MoU)
  • Siemens ingenuity for digital twin to simulate and optimize production (MoU)
  • Norconsult (MoU)
  • Metier (MoU)
  • Rambøll (MoU)
  • ITOCHU (MoU)

Energy

Brownfield development sites

  • Mo industripark - agreement of 70.000 m2 + 13.000 m2 and further options of 80.000 m2 in plug and play brownfield

Milestones


Q4 2017
Feasibility study for battery cell industry in Norway driven by NTNU and founder Tore Ivar Slettemoen

01.02.18
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 enters into an investment and partnership agreement with EIT InnoEnergy, an independent EU body, to build a battery cell gigafactory in Norway

18.08.19
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

2021
Secure project financing and begin construction phase initiation

2022
Production estimated to commence