FREYR secures €7.25 million investment from EIT InnoEnergy to build a 32 GWh battery cell production facility in Norway
2019-06-18, Norway FREYR AS, a Norwegian incorporated company, today announces that EIT InnoEnergy, the innovation engine for sustainable energy in Europe, has signed an agreement to invest in FREYR. This investment backs FREYR’s plan to build a 32 GWh battery cell production facility in Rana Municipality, Norway. Early April, FREYR announced its ambition to build a 32 GWh battery-cell facility (a so-called Giga-factory), one of the largest in Europe, to produce Lithium-Ion Battery (LIB) cells, based on proven in-licensed technology. Associated with the battery facility FREYR also