FREYR and Siemens Energy AS signs initial agreement for the supply of safe, cost competitive and environmentally friendly battery cells to accelerate the deployment of renewable energy solutions
Oslo, 15 October 2020:
FREYR AS and Siemens Energy AS have signed a Memorandum of Understanding (MoU) for the supply of lithium-ion battery cells (LiB) for marine and Energy Storage System (ESS) applications. The battery cells will be produced with 100% renewable low-cost energy at FREYR’s battery facilities under development in Mo i Rana, Norway.
Under the non-exclusive MoU, Siemens Energy AS intends to purchase a significant fraction of the volumes from an accelerated battery cell production line being planned with a targeted operational start-up by late 2021 / early 2022. Offtake