Freyr and Mo Industrial Park (MIP) have signed an MoU for the planned fast track production facility site.
The site has all infrastructure ready and the available area will be increased from 40,000 m2 to 70,000 m2.
“Our ambition is to make Norway a global leader in green battery cell production by utilising 100% green electricity at globally competitive prices, deep expertise in energy intensive and process industries and leverage locally sourced raw materials when possible,” said Freyr CEO, Tom Einar Jensen.
“MIP represents a local ecosystem with substantial decades-long experience in process industrial competencies. This ‘industrial DNA’ combined with a strong focus on sustainability through energy- and waste recycling and circular solutions provides the strongest basis for starting battery cell production in Norway.”
The site optimisation planning process with MIP includes integration of the battery facility with existing process industry infrastructure to ensure efficient supply of clean renewable electricity and raw materials required in production and maximising waste collection and recycling.
“Freyr is currently in advanced formal processes with globally leading technology providers to optimise our battery cell production facilities,” added Freyr CTO, Ryuta Kawaguchi.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“We see our approach of continuously implementing the best available technology in the market can provide the basis for a more cost-effective production partly based on substantially reducing the acreage requirement for production at giga-scale. This means much higher output of finished product for a given site location which will also have positive additional environmental impact.”
For his part, Freyr COO, Einar Kilde noted: “Freyr has strengthened its position to be able to start construction of the fast-track facility towards the end of Q2-2021 inside MIP. Based on updated discussions with MIP, our technology providers and various customer dialogues, we are now investigating whether we could accelerate these plans even further.”
In April, 2019, Freyr announced its ambition to build a battery cell plant in Norway. The planned factory will produce lithium-ion battery cells (LIB).
Freyr is developing the value chain from raw materials to the finished product and has signed agreements for supply of renewable energy, raw materials and technology, as well as frame-agreements for construction project management, system integration and optimisation of battery cell production.
With around 100 companies, 2,500 employees, a total energy consumption equivalent to three Alta power plants and a water plant with a delivery capacity of 2,700 litres per second, Mo Industrial Park is the process industry centre of Northern Norway producing metals and minerals.