FREYR signs an Memorandum of Understanding with Scatec for the supply of battery cells for cost-optimized energy storage systems
FREYR and Scatec ASA have signed a Memorandum of Understanding (MoU) for future supply of low-cost battery cells with high energy density for the use in cost-optimized energy storage systems combined with solar deployment. The battery cells will be produced at FREYR’s lithium-ion battery cell (LIB) facilities under development in Mo i Rana, Norway. Under the MoU, Scatec will support FREYR in their development of energy storage systems (ESS) with higher energy density, improved safety and lower cost compared to storage systems based on conventional lithium-ion battery cells. Subject to