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

Technology

Raw materials

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

Business development globally

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)

29.06.2022
FREYR Battery Sanctions Construction of its Inaugural Gigafactory "Giga Arctic"

30.08.2022
FREYR Battery Announces the Execution of 38 GWh Li-Ion Battery Binding Cell Sales Agreement with Nidec Corporation

Q1 2023
Ramp up of sample cell production