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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. The area has excellent conditions for industrial activities: a deep-water harbor and an excellent electricity transmission network. Finland is an ideal location for our project.

Finland 437
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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. The EIA procedure will be based on two capacity alternatives: 20,000 and 60,000 tonnes per year.

Finland 186
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Fortum, BASF, and Nornickel sign cooperation agreement on Li-ion battery recycling

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Fortum, BASF, and Nornickel have signed a letter of intent to plan a Li-ion battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to re-use the critical metals present in used batteries. Earlier post.). Earlier post.).

Li-ion 383
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Stellantis and Terrafame agree on low-carbon nickel sulfate supply for EV batteries

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signed a supply agreement for nickel sulfate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulfate over the five-year term of the agreement. Stellantis N.V. and Terrafame Ltd.

Supplies 210
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FREYR Battery announces public offering of 13,500,000 ordinary shares

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Norway-based FREYR Battery plans to make a public offering of 13,500,000 of its Ordinary Shares, without nominal value, in an underwritten registered public offering. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030.

Batteries 199
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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, the CEO of FREYR.

Global 221
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

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Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170