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Appointments, Partnerships, Investments & Acquisitions

Freyr establishes US battery technology center

Lawrence ButcherBy Lawrence ButcherAugust 23, 20222 Mins Read
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Freyr Battery, a developer of what it describes as “clean, next-generation battery cell production capacity”, has opened a USA-based technology center in Boston. The company says is collaborating with its JV partners from Koch Strategic Platforms to accelerate the development of Giga America, the company’s first US gigafactory.

In addition to the JV with KSP, which is intended to position the partners among the largest battery manufacturers in the USA, Freyr has already established a long-term partnership with 24M Technologies, also based in the Boston area. The company’s battery manufacturing process will be initially based on 24M’s SemiSolid platform, which is designed to drive capital and operational efficiencies relative to conventional production methodologies.

“The US is a critical strategic market for Freyr. With the recent passage of the Inflation Reduction Act, the US is on a path to accelerate the buildout of clean, localized battery supply chains, which dovetails with our long-term strategy. As we proceed with site selection for Giga America, establishing our first US location in close proximity to our partners at 24M will enhance technology development, collaboration, personnel development, and strategic coordination,” remarked Tom Einar Jensen, Freyr’s CEO.

“Freyr aspires to be a global champion in the clean battery industry, and we plan to achieve this objective by building robust local capabilities in key end markets such as the US. As we proceed with our plans to accelerate Freyr’s US expansion, our Boston presence will support our efforts to recruit key talent, strengthen our strategic partnerships, and establish clean, localized battery supply chains,” concluded Jensen.

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Lawrence Butcher

Lawrence has been covering engineering subjects – with a focus on motorsport technology – since 2007 and has edited and contributed to a variety of international titles. Currently, he oversees Automotive Powertrain Technology International and Professional Motorsport World magazines as editor.

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