Norway has unique competitive advantages for battery cell production.
Carbon free energy
>98% of electricity production in Norway comes from renewable energy sources. FREYR has access to abundant CO₂-free energy.
Extensive industrial project execution
Strong legacy of engineering, planning and project development and execution skills from Norway’s extensive energy sector and from more than a century of developing and operating advanced process industry.
Highly skilled and efficient work force, enabling high automation level.
Low regulatory risk
Political support for factory in Mo and several attractive sites options being explored.
Domestic battery production is a priority goal for the Norwegian Government.
Norway has the world’s largest Sovereign Wealth Fund, is AAA rated and recognized as a stable and reliable regulatory regime.