Battery developer Freyer Battery has boosted its management structure with two appointments as it ramps up plans to establish giga-scale battery production in Norway, the US and Finland.
Andreas Bentzen (pictured) was named as its executive vice president technology, and Oscar Brown was made its group chief financial officer.
Bentzen is the co-founder and former chief technology officer for Otovo, a European residential solar panels and batteries firm.
Brown will report to Freyer’s chief executive officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting and capital markets engagement across the organisation.
Tom Einar Jensen, CEO of Freyer, said: “Our geographical expansion and growth plans along the battery value chain will require significant financing efforts.
“Oscar’s experience in large scale financing, M&A, and deep corporate development expertise in the energy space will continue to strengthen our financial capacity as we evolve into a global organisation.”
Building battery plant plans
Last August, Freyer entered into two non-binding memoranda of understanding (MoU) for the potential development of industrial scale battery cell production in Finland.
The MoUs were with Finnish Minerals Group and the City of Vaasa, and came as Freyer ramped up plans to develop up to 43GWh of battery cell production capacity by 2025 and 83GWh by 2028.
In February, Luxembourg-headquartered firm Freyer was confirmed as part of the consortium granted $11 million (NOK 100 million) to provide a platform for the establishment of a sustainable battery production industry in Norway.