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Finnish Minerals Group & FREYR Battery collaborate to develop LFP cathode materials plant in Finland

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Finnish Minerals Group, a mining and battery industry development and investment company, and FREYR Battery will cooperate to assess the feasibility of establishing an LFP cathode material plant in the city of Vaasa.

Finland 186
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FREYR Battery awarded €100M EU Innovation Fund grant

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FREYR Battery has been awarded a €100-million grant from the European Union to support development of FREYR’s Giga Arctic project in Norway. The grant will be funded through the EU’s Innovation Fund (EUIF) as part of the EU’s efforts to promote localized production of battery solutions.

Grant 150
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FREYR Battery awarded $3B, 31 GWh inaugural offtake agreement with leading global ESS provider

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FREYR Battery, a developer of clean, next-generation battery cell production capacity, has executed its inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed, leading global publicly listed manufacturer and provider of energy storage systems (ESS). —Tom Jensen.

Global 221
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FREYR Battery and Nidec complete formation of joint venture

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FREYR Battery and Nidec Corporation, a globally leading producer of high-efficiency electric motors and a leader in the energy storage systems (ESS) space, have established a downstream joint venture, now called Nidec Energy AS. FREYR first announced a broad partnership with Nidec in August 2022. Earlier post.).

Batteries 150
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Valmet Automotive starts EV battery pack production in Salo

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Valmet Automotive has started the production of EV battery packs in its new plant in Salo, Finland. The battery plant project has progressed on schedule, and with the ramp up of production volumes, Valmet Automotive will continue recruiting more employees to the Salo plant.

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Stora Enso’s pilot plant for producing lignin-based carbon materials for batteries now operational

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Pilot production of Lignode by Stora Enso, wood-based carbon for batteries, is currently being ramped up. Applications include electric vehicles and consumer electronics as well as large-scale energy storage systems. Today, fossil-based carbon is used in the anodes of rechargeable batteries.

Carbon 221
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EC approves €3.2B public support by 7 Member States for a pan-European battery push

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The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. stationary energy storage, power tools, etc.).

Batteries 259