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FREYR Battery sanctions construction of its inaugural gigafactory, increases plant capacity to 29 GWh; $1 7B capital cost

FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the company’s first battery manufacturing facility under development in Mo i Rana, Norway. FREYR is increasing the nameplate capacity of Giga Arctic to 29 GWh in response to improving battery supply-demand dynamics, ongoing commercial success,.

FREYR Battery Sanctions Construction of its Inaugural Gigafactory

Increases plant capacity to 29 GWh, based on $1.6 billion in identified debt financing support, catalyzed by the Norwegian National Battery Strategy and Norway's Export Credit Agency Eksfin's indication

Germany in the Arctic-North Atlantic: Reassessing Forgotten Waters, Part 2 | Center for International Maritime Security

Germany in the Arctic-North Atlantic: Reassessing Forgotten Waters, Part 2 | Center for International Maritime Security
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