Tuesday, June 28 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

    Freyr Battery secures clean power for planned gigafactory in Norway


    May 25, 2022 - SeeNews Renewables

     

      May 25 (Renewables Now) - Battery cells company Freyr Battery’s (NYSE:FREY) planned factory in Mo i Rana, Norway will run on hydropower to be supplied by Norwegian power company Statkraft A/S.

      The companies said today they have signed a binding heads of terms expected to become a long-term physical supply agreement. The deal will cover the currently anticipated electricity needs of Freyr’s customer qualification plant and combined gigafactory 1 & 2 in Mo i Rana over the 2024-2031 period. Statkraft will provide up to 23 MW baseload, or an overall of 1.4 TWh over the contract period, from its 500-MW Rana hydropower plant.

      “Our ambition is to produce clean battery cells, and a key element of our strategy is to power our operations with renewable energy,” said Tove Nilsen Ljungquist, executive vice president operations at Freyr.

      The battery company’s Mo i Rana project being located close to the Statkraft hydropower plant is in line with Freyr’s desire to set up operations in places with abundant, local supply of clean energy.

    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.