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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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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. Sokli’s mineral resources are globally significant. Sokli mining project.

Finland 186
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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
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ESL Shipping first to utilize Neste’s co-processed marine fuel for GHG emissions

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co-processed marine fuel ( earlier post ) in its vessels in Finland and Sweden. ESL Shipping is committed to leading the way in reducing greenhouse gas emissions of the maritime industry, and we are now fortunate to be able to use this low-emission alternative without having to do any fleet modifications. Neste Marine 0.1

Mariner 273
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Finnish Minerals Group increases its holding in the Keliber lithium project

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The laying of the earthworks for the Keliber lithium refinery (first phase of the project) in Kokkola, Finland began on 7 March 2023 with the foundation stone planned to be laid during a ceremony on 11 May 2023. Keliber is an advanced lithium project, located in Kaustinen and Kokkola, Finland.

Finland 210
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Wärtsilä Power-to-X project gets €1M in government support

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The technology group Wärtsilä has been granted €1 million in funding by Business Finland, a state-run public agency for funding important research projects, to support research in the field of Power-to-X (P2X) technology. —Tommi Rintamäki, Senior Manager, Power-to-X, Wärtsilä Energy Business.

Power 365
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Finnish Minerals Group and Beijing Easpring cathode materials plant proceeding as planned

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Finnish Minerals Group and Beijing Easpring Material Technology have been investigating and negotiating the possibility to establish a cathode active materials (CAM) plant in Kotka, Finland with an initial capacity of 50,000 t/a and potential for future expansion for the production of cathode active material for lithium-ion batteries.