Freyr secures first funding for giant battery project

The Norwegian firm bags NOK 130 million for the humble beginnings of what could become Norway's first lithium-ion battery factory.

Photo: PR / Freyr

Freyr's large-scale battery project will initially stand on a foundation of NOK 130 million (EUR 12.1 million), the company states in a press release on Thursday.

The funds will be used for the pre-construction phase of what's meant to become a battery factory in the town of Mo i Rana.

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