Giga Factory Finland
FREYR Battery have developed a program for the Environmental Impact Assessment (EIA) and submitted its proposal to Finland’s Centre for Economic Development, Transport and the Environment (ELY Centre).
FREYR have also announced the signing of an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares (1,300,000 m²) of land in the GigaVaasa area. This plot is the future site of FREYR’s planned battery cell production plant and part of the company’s strategic collaboration with the City of Vaasa to develop industrial scale battery technology and production in the country.
The temporary land lease agreement of the Vaasa plot is 40 hectares larger than the area FREYR reserved in the initial MoU, to increase the company’s efforts to accelerate supply to meet the expected increasing demand for localized and decarbonized battery solutions.
The agreement now enables FREYR to begin soil investigation and preparatory work as a prelude to potential construction. The lease is valid from May 1, 2022, until December 31, 2023, with the option for a one-year extension.