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Based on projected raw material prices subject to pass through mechanisms, the binding 38 GWh sales contract has an estimated gross value to FREYR in excess of $3 billion from 2025 to 2030, representing one of the largest ESS battery cell contracts globally to date.
Under the terms of the binding sales agreement, FREYR will supply 38 GWh of cumulative clean, next-generation battery cells to Nidec between 2025 – 2030 from FREYR’s Giga Arctic facility in Mo i Rana, Norway, which is currently under construction.
The standardized battery pack will contain 24 of South 8’s Arctic™ LiGas 18650 cells. South 8’s LiGas is a liquefied gas electrolyte that dramatically improves the energy performance, safety, charging speed, and cost of Li-ion batteries, providing high performance in extreme cold weather.
South 8 is partnering with a battery cell manufacturer and a leading vendor of battery packs to deliver prototypes that will offer a broad operating temperature range and high performance in extreme cold environments to the U.S. Army. The standardized battery pack will contain 24 of South 8’s Arctic™ LiGas 18650 cells.
"We are grateful to have continued support from the U.S. Army DEVCOM C5ISR Center to develop improved Li-ion battery systems that can power military devices during critical missions in cold climates," said Rusty Heffner, Vice President of Strategy at South 8.
Morrow Batteries (“Morrow”) is implementing strategic measures to secure start-up of production of commercial LFP batteries, deliver additional sales contracts, and advance its proprietary battery technology at its research centre in Grimstad. Other projects will be postponed to concentrate on core activities that drive immediate value creation.
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Get Price >>Under the terms of the binding sales agreement, FREYR will supply 38 GWh of cumulative clean, next-generation battery cells to Nidec between 2025 – 2030 from FREYR''s Giga Arctic facility in...
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Get Price >>Morrow Batteries ("Morrow") is implementing strategic measures to secure start-up of production of commercial LFP batteries, deliver additional sales contracts, and advance its proprietary battery technology at its research centre in Grimstad. Other projects will be postponed to concentrate on core activities that drive immediate value creation. These changes will result …
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Get Price >>Broad partnership with Nidec includes a firm sales contract to supply 38 GWh of next-generation clean LFP Li-Ion battery cells from 2025 - 2030 combined with a Joint Venture Agreement to...
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Get Price >>Broad partnership with Nidec includes a firm sales contract to supply 38 GWh of next-generation clean LFP Li-Ion battery cells from 2025 - 2030 combined with a Joint Venture …
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