Giga Community Impact

Social impact of Giga Factories

The investment and construction of giga factories for battery cell production has the potential to help achieve a variety of social objectives such as direct and indirect employment, value generation and income for individuals as well as communities, greater access to education and healthcare for employees as well as indirect employees as well as innovation and entrepreneurship in the surrounding community. See an external third-party analysis of the potential ripple effects of FREYR’s investments in Giga Arctic on the community in Mo i Rana in Norway here.

FREYR believe it is important to create positive, lasting social impacts on the communities in which we invest and to do so through stakeholder engagement through our construction of factories and the operations of the plants. In Mo i Rana this has been showcased through our engagement with Rana Utvikling (RU) with whom we have developed a project to identify and engage with relevant stakeholders across a wide range of issues. See a broader description of this local collaboration below.

Giga Arctic, Norway

In Mo i Rana FREYR has been able to establish strong and systematic working relationships with the municipality from the very beginning. Rana Municipality was one of the early investors who bought shares in FREYR when the company was a small start-up with the need to finance the capital-raising phase. As FREYR has matured the investments into both the Customer Qualification Plant plant and Giga Arctic in Rana Municipality, the collaboration concerning the local impact has been formalised through a Steering Committee consisting of representatives from company and municipality as well as the regional authorities (Nordland Fylke). The committee meets regularly and has established other working groups with representatives from local businesses, specific parts of the municipal branches, NGOs, etc. to work on specific issues defined by the parties to be of critical importance for both. See here for a more detailed description.

In Finland and the USA we are still in the planning phase and will address local stakeholder dialogue as the projects progress.