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Gigafactory company Friar Battery is making moves in the US market by establishing a technology center in Boston and appointing a VP of operations.
A Norway-based startup developing advanced lithium-ion battery cell gigafa factories in Norway, the U.S. and elsewhere has opened its headquarters in Boston. Boston is home to the company’s technology provider 24M, and the center is ‘in line’ with Freire’s expansion strategy, the company said.
Late last year, the listed company announced the appointment of Michael J. Bros. as its newly created vice president of US operations.
FREYR plans to have initial targets of 50GWh of battery cell production capacity by 2025, 100GWh by 2028 and 200GWh by 2030. The next gigafactory after the first one in Norway is a giant factory in the US in partnership with an investment vehicle controlled by the Koch family, which will benefit from incentives provided by the recently passed deflationary law.
to speak energy-storage.news “We were confident something would come (from the government),” CEO Tom Jensen said in a recent interview.
“We’ve always said that as America moves through the energy transition, it’s going to act harder and faster than anyone else to get exactly what you want. This is just a feature of the US market.
The global annual production capacity of lithium-ion batteries by 2030 is anyone’s guess, but estimates range from 2.5TWh to 9TWh. If it was 4TWh, our 200GWh would give us a 5% market share. That’s a good wish!”
such as energy-storage.news As reported last week, the giant factory built for the first time on home soil is set to start production a little later than originally planned in the first half of 2024.
In the third of three back-to-back announcements, FREYR said it has entered into a strategic partnership with South Korea-based Hana Technology. Together, the two will develop equipment and automation solutions for FREYR’s customer qualification factory in Moe Rana, Norway, as well as for FREYR’s planned large factories worldwide.
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