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FREYR Battery is changing its plan to construct two gigafactories with a plan to construct a single gigafactory which will increase capability by 150%. The estimated building value shall be $1.7 billion. “FREYR is rising the nameplate capability of Giga Arctic to 29 GWh in response to bettering battery supply-demand dynamics, ongoing industrial success, important progress in creating provide chain channels for key uncooked supplies and gear, continued technical and product enhancements and undertaking financing visibility,” the corporate says.
Giga Arctic shall be inbuilt Mo I Rana, Norway, and can include eight manufacturing strains, a battery testing heart, administrative services and infrastructure. “Giga Arctic is anticipated to be one of many largest and best battery services in Europe, with 50% decrease anticipated capital spending per GWh of nameplate capability and greater than 200% increased manufacturing per worker than typical lithium-ion battery crops in manufacturing as we speak,” in response to the corporate.
“These anticipated efficiencies are aided by FREYR’s lately introduced long-term energy buy settlement with Statkraft,” says the corporate. “Giga Arctic is anticipated to learn from 100% renewable vitality at costs that FREYR estimates to be considerably beneath these of different battery-producing areas, whereas utilizing much less vitality in manufacturing by means of the 24M Applied sciences SemiSolid cell manufacturing course of and platform.”
The corporate plans to contract about 50% of Giga Arctic’s capability to long-term offtake companions, has reached an offtake settlement with a European vitality know-how buyer for 25 GWh of cells from 2024 to 2028, and has entered conditional offtake agreements for one more 100 GWh.
FREYR can also be assessing the probabilities of module and pack manufacturing and recycling for the power in addition to a proposed three way partnership with battery supplies firm Aleees on a LFP cathode supplies manufacturing plant within the Nordic area.
Supply: FREYR Battery
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