FREYR Battery and Statkraft Sign Agreement, Securing Long-Term Supply of Renewable Energy
New York, Oslo and Luxembourg, May 25, 2022, FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a binding Heads of Terms with Statkraft, Europe’s largest producer of renewable energy. The Heads of Terms is expected to be finalized as a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power under globally competitive terms for FREYR’s planned battery cell production project in Mo i Rana, Norway.
The Heads of Terms and related energy services from Statkraft is projected to