FREYR Battery has signed a binding Heads of Terms agreement with Statkraft.
The agreement has a goal of securing a long-term supply of renewable energy at globally competitive terms for FREYR's proposed battery cell manufacturing project in Mo I Rana, Norway.
For the years 2024-2031, Statkraft is expected to meet all of FREYR's existing and planned electrical needs, as well as assure physical transport of energy from the central grid at Mo I Rana to FREYR's Customer Qualification Plant and combined Gigafactory 1 & 2.
Country updates
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June 06, 2022
Statkraft starts the operation of two hydropower plants in Vinje and Eidfjord
Statkraft AS has opened the two hydroelectric power plants, Vesle Kjela and Storlia, located on the opposite sides of the Hardanger mountain plateau in Norway. The Vesle Kjela and Storlia power...
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May 17, 2022
Cory, Northern Lights to pioneer international carbon partnership
Cory and Northern Lights have signed a Memorandum of Understanding (MoU) to collaborate on the realization of a major carbon capture and storage (CCS) project between the UK and Norway. Under the agre...
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May 06, 2022
Greenstat, Everfuel plan to develop 20 MW Hydrogen Hub Agder in Kristiansand
Everfuel A/S of Denmark and Greenstat AS of Norway propose to build a hydrogen hub in Kristiansand, Norway, with a 20 MW electrolysis capacity that will be increased to 60 MW later. The announcement o...
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April 05, 2022
Aker, Statkraft exit 24 MW Hydrogen project in Porsgrunn
Yara has announced that Aker Clean Hydrogen and Statkraft left the green ammonia production project that the three developed in Norway. Yara stated that it will continue alone in the project an...
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March 29, 2022
Mitsui invests US$633m in Aker's Mainstream Renewable
Mitsui & Co has agreed to acquire a 27.5% stake in Aker Horizons subsidiary Mainstream Renewable Power for a EUR575 million (US$633 million) consideration. Mitsui aims to support Mainst...
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