FREYR Advances Clean Battery Cell Production in Norway with Customer Qualification Plant Final Investment Decision
LUXEMBOURG, July 19, 2021, FREYR Battery (NYSE: FREY, or “FREYR”), a developer of clean, next-generation battery cell production capacity, has reached a final investment decision (“FID”) by the FREYR Board of Directors to proceed with the construction of the Customer Qualification Plant (“CQP”) and first battery cell production line in Mo i Rana, Norway. The FID comes after completing the tender processes and allows for the award of contracts for key production equipment supply. Preparatory work on the facility is already ongoing with a targeted start of initial operations in the second