FREYR continues DOE loan process for LFP battery cell factory in Georgia


FREYR Battery, a Norwegian-origin firm that intends to make power 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.

Giga America freyr“The Half II DOE mortgage utility invitation is a crucial subsequent step in FREYR’s journey to fund our Giga America undertaking,” commented Birger Steen, FREYR’s CEO. “With our re-domiciliation to the U.S. now accredited by our shareholders, FREYR is uniquely positioned to determine the corporate because the U.S.-based industrialization accomplice of selection 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 power storage LFP battery techniques.”

The DOE’s invitation to submit the following step of the appliance will not be an assurance that FREYR will obtain the mortgage. FREYR will work on the appliance in 2024.

FREYR intends to make its battery cells in Norway, Finland, and america. The corporate will use 24M Applied sciences’ semi-solid lithium-iron phosphate know-how.

The positioning in Georgia is predicted to have 34 GWh annual cell manufacturing capability, and FREYR will make investments $1.7 billion into the positioning. FREYR and its companions anticipate to create greater than 720 jobs in Georgia.

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