FREYR Battery, Finnish Minerals Group and the City of Vaasa to Explore Industrial Scaling of Battery Cell Technology and Production in Finland
LUXEMBOURG August 12, 2021, FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into two non-binding memoranda of understanding (“MoU”) with Finnish Minerals Group and the City of Vaasa, respectively, for strategic collaborations on potential development of industrial scale battery cell technology and production in Finland. The Nordic region offers competitive advantages for sustainable, low-carbon battery cell production at scale through low-cost renewable energy, local supply of battery raw materials and highly skilled employees.