Search Results Found For: "FREYR Battery"

FREYR Battery to use Aleees technology to produce LFP active cathode material

Cell manufacturer FREYR Battery has entered into an agreement with Aleees, a Taiwan-based LFP cathode battery material producer. The agreement gives FREYR a worldwide license to produce and sell LFP cathode material based on Aleees’s technology, and to build production facilities using Aleees’s industrial expertise. Aleees offers complete LFP cathode battery material manufacturing technology and… Read more »

FREYR Battery to build Giga America battery plant in Georgia

Another day, another announcement of a new battery gigafactory. FREYR Battery has purchased a site in Coweta County, Georgia for its planned Giga America battery plant, and will begin detailed project engineering “in the coming months.” FREYR plans to invest some $1.7 billion in the first phase of Giga America, which will be a cell… Read more »

FREYR Battery to build gigafactory in Norway

FREYR Battery is replacing its plan to build two gigafactories with a plan to build a single gigafactory which increases capacity by 150%. The estimated construction cost will be $1.7 billion. “FREYR is increasing the nameplate capacity of Giga Arctic to 29 GWh in response to improving battery supply-demand dynamics, ongoing commercial success, significant progress… Read more »

FREYR and Nidec finalize battery manufacturing JV, release results of cell testing

In September, FREYR Battery and Japanese electric motor producer Nidec announced plans to establish a downstream joint venture to produce battery modules and packs. Now the new JV, Nidec Energy, has been officially established. Mass production is expected to commence in 2025, and the goal is to manufacture more than 8 GWh per year of… Read more »

FREYR and Nidec sign cell supply agreement, form JV to develop battery modules and packs  

FREYR Battery (NYSE: FREY), a developer of battery cell production capacity, and Nidec, a Japanese firm that’s known for its small precision motors, have finalized an expanded sales agreement. FREYR will supply 38 GWh of battery cells to Nidec between 2025 and 2030 from FREYR’s Giga Arctic facility in Mo i Rana, Norway, which is… Read more »

FREYR and Koch Strategic Platforms to build 50 GWh battery plant

FREYR Battery has formed a joint venture with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of battery cell manufacturing capacity in the US based on 24M Technologies’ SemiSolid platform technology. KSP and FREYR have invested $70 million in convertible notes with 24M. 24M’s SemiSolid technology reduces the number of steps required to… Read more »

FREYR building Customer Qualification Plant to produce battery cells in Norway

FREYR Battery will proceed with the construction of its Customer Qualification Plant (CQP) and first battery cell production line in Mo i Rana, Norway. Preparatory work on the facility is already ongoing, and operations are scheduled to begin in the second half of 2022. The CQP production line is based on 24M Technologies SemiSolid lithium-ion… Read more »

FREYR and 24M to collaborate on battery cell production

FREYR and 24M have signed an agreement to use 24M’s SemiSolid lithium-ion battery platform technology in FREYR’s planned facilities in Norway. FREYR is targeting a production capacity of over 40 GWh of scalable, modular battery cells via partnership-based strategies in both grid and electric mobility markets. “24M has fundamentally redesigned the traditional LIB cell technology… Read more »

Billions of bucks for US battery plants announced in 2022

Electrifying transportation is going to require beaucoup batteries, and for a raft of reasons, those batteries need to be built near the vehicle markets they serve (not shipped halfway around the world, as is often the case today). The Biden Administration’s Inflation Reduction Act includes incentives for automakers to source their batteries here in the… Read more »