FREYR Battery, a Norwegian-origin firm that intends to make vitality storage techniques at a producing plant in Coweta County, Georgia, introduced that has been invited by the U.S. Dept. of Vitality to submit Half II of the mortgage utility course of for a Title 17 mortgage.
“The Half II DOE mortgage utility invitation is a crucial subsequent step in FREYR’s journey to fund our Giga America venture,” commented Birger Steen, FREYR’s CEO. “With our redomiciliation to the U.S. now authorized by our shareholders, FREYR is uniquely positioned to determine the corporate because the U.S.-based industrialization associate of alternative for clear battery know-how options and to entry the advantages of the U.S. Inflation Discount Act using the U.S.-based 24M Applied sciences SemiSolid platform for the manufacture of utility-scale vitality storage LFP battery techniques.”
The DOE’s invitation to submit the subsequent step of the applying will not be an assurance that FREYR will obtain the mortgage. FREYR will work on the applying throughout 2024.
FREYR intends to make its battery cells in Norway, Finland and the USA. The corporate will use 24M Applied sciences’ semi-solid lithium-iron phosphate know-how.
The positioning in Georgia is anticipated to have 34-GWh annual cell manufacturing capability, and FREYR will make investments $1.7 billion into the positioning. FREYR and its companions count on to create greater than 720 jobs in Georgia.
Information merchandise from FREYR
