checkAd

FREYR Battery Announces Plans for U.S. Gigafactory in Georgia

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The company selected the Bridgeport Industrial Park site through a rigorous evaluation process based on key operational, logistical, and financial criteria, including the suitability of the site to co-locate modular upstream and downstream projects with the Giga America cell manufacturing facility.

FREYR is planning to initiate detailed project engineering of Giga America in the coming months. The initial phase of Giga America is planned to be a cell production module of approximately 34 GWh based on the next-generation of 24M’s U.S.-based SemiSolid production platform at an initial projected capital cost of $1.7 billion. The company is also evaluating value accretive upstream and downstream modules as well as additional cell production lines that are expected to bring total capital investments to more than $2.6 billion through 2029. Upon completion of all the contemplated construction phases, the Giga America complex is expected to be one of the largest battery cell manufacturing developments globally.

“Today’s landmark announcement underscores FREYR’s ambition to develop a very strong and near-term operational footprint in the United States. Expanding into the U.S. has been a foundational aspect of FREYR’s long-term strategy from our inception, and with the recent passage of the Inflation Reduction Act, we expect U.S. demand for ESS, passenger EV and other electric mobility applications to grow rapidly over the next decade,” commented FREYR’s Co-Founder and Chief Executive Officer Tom Einar Jensen.

"Job creators and innovators from all over the world bring their operations to Georgia because they know they will have success here," said Governor Brian Kemp. "We're proud to welcome FREYR to the Peach State as the latest company to bring transformational investments and opportunity to our communities. They will be a valued addition to our No. 1 state for business, and I look forward to their growing impact on Coweta and the surrounding region."

“We are thrilled to welcome FREYR Battery to the Coweta County community,” said Coweta County Board of Commissioners Chairman Bob Blackburn. “With the addition of FREYR, Coweta County is quickly becoming a premier destination for top-tier manufacturing industries that support the U.S. economy and beyond. We look forward to the innovation, opportunities, and success that FREYR will generate.”

Seite 1 von 4


Diskussion: Freyr - saubere Batterien
Wertpapier



0 Kommentare
Nachrichtenquelle: Business Wire (engl.)
 |  1147   |   |   

Schreibe Deinen Kommentar

Disclaimer

FREYR Battery Announces Plans for U.S. Gigafactory in Georgia FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The company …

Nachrichten des Autors

380 Leser
368 Leser
296 Leser
240 Leser
192 Leser
192 Leser
180 Leser
180 Leser
172 Leser
172 Leser
1716 Leser
568 Leser
468 Leser
456 Leser
444 Leser
412 Leser
400 Leser
396 Leser
380 Leser
372 Leser
3236 Leser
2100 Leser
1928 Leser
1716 Leser
1604 Leser
1380 Leser
1184 Leser
1168 Leser
1148 Leser
1108 Leser
7528 Leser
3236 Leser
3069 Leser
2934 Leser
2497 Leser
2424 Leser
2370 Leser
2169 Leser
2106 Leser
2100 Leser