FREYR Battery begins preparatory work in Vaasa, Finland
New York, Oslo, Luxembourg and Vaasa, May 18, 2022, FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares (1,300,000 m²) of land in the GigaVaasa area. This plot is the future site of FREYR’s planned battery cell production plant and part of the company’s strategic collaboration with the City of Vaasa to develop industrial scale battery technology and production in the country. In 2021, FREYR signed a non-binding memorandum of understanding