FREYR Battery concludes frame agreements for more than 90% of its raw material requirements for initial plants in Mo i Rana
New York, Oslo and Luxembourg, February 2, 2022, FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into nine frame agreements with key suppliers for the supply of battery materials required for the Customer Qualification Plant (“CQP”) being built in Mo i Rana, Norway. The remaining four frame agreements are in the final stages of negotiations. These frame agreements will be the basis for supply of raw materials to the CQP as well as to Gigafactories 1 and 2. FREYR is on track to start the initial sample production of lithium iron