Thursday, June 30 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Powin to offtake 28.5 GWh of battery cells from Freyr


    May 11, 2022 - SeeNews Renewables

     

      May 11 (Renewables Now) - Freyr Battery (NYSE:FREY) has signed a conditional offtake agreement with US energy storage company Powin LLC for Powin to source 28.5 GWh of battery cells produced by Freyr for energy storage system applications.

      Freyr will supply the battery cells from 2024 through 2030, initially from its combined gigafactory 1 & 2 in Mo i Rana, Norway, and subsequently from its planned future gigafactory in the US.

      The battery cell developer wants to set up giga-scale manufacturing capacity in Norway, the US and Finland supported by conditional customer offtake contracts. Including the deal with Powin, unveiled on Tuesday, its offtake volumes reach 78.8 GWh. Freyr aims to deliver up to 43 GWh of battery cell capacity by 2025, rising to up to 83 GWh annual capacity by 2028.

      Powin chief executive Geoff Brown said the agreement “underscores our commitment to diversify and secure our supply chain for our customers.”

      “We are particularly excited to support Freyr’s plans to open a gigafactory in the US and their efforts to source raw materials locally to their facilities to ensure the lowest possible carbon footprint,” Brown added.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.