Norway offers unique competitive advantages for battery cell production.
>98% of electricity produced in Norway comes from renewable energy sources. FREYR has access to an abundant supply of CO₂ emissions-free power.
Industrial skills and experience
Norway provides access to a workforce with extensive experience in engineering, planning, and project development for the energy sector. The highly skilled and efficient workforce enables a high level of automation.
Norway is proud of its hundred-year industrial history, where advanced manufacturing has played an important role.
Low regulatory risk
There is strong local and national political support for the planned facilities in Rana. Establishing a strong battery production industry in Norway is one of the Government’s stated goals.
Norway has a diversified economy and the world’s largest Sovereign Wealth Fund. The country is AAA rated and recognized as a stable and reliable regulatory regime.
Quality of life
The United Nations’ Human Development Report consistently rates Norway as one of the best countries to live in.