InnoEnergy home page News & events FREYR secures €7.25 million investment from EIT InnoEnergy to build a 32 GWh battery cell production facility in Norway

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20 June 2019

FREYR secures €7.25 million investment from EIT InnoEnergy to build a 32 GWh battery cell production facility in Norway

FREYR AS, a Norwegian incorporated company, is backed by a multi-million investment from EIT InnoEnergy to build a 32 GWh battery cell production facility in Rana municipality, Norway. EIT InnoEnergy’s investment will enable FREYR to complement the emerging Norwegian battery ecosystem, together with previously announced partners SINTEF – one of the largest independent research organisations in Europe – and NTNU, the Norwegian University of Science and Technology.

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Diego Pavia, CEO of EIT InnoEnergy

Tom Einar Jensen, CEO of FREYR

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