FREYR completes NOK 130 million financing for Norway’s first lithium-ion battery cell facility
On July 1[st], FREYR successfully completed NOK 130 million of pre-construction financing of the first lithium-ion battery cell (LIB) facility in Norway with significant local and regional support. The proceeds will be used to complete the concept and technology selection process and enable a rapid development of the 2 GWh Fast Track battery cell manufacturing plant in Mo i Rana. FREYR will build a strong customer base in the Electric Vehicles, Stationary Storage, and Marine Application segments and further strengthen the rapidly expanding organisation. “We are very pleased with the