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Freyr secures $13 million financing to build Norway’s first lithium-ion gigafactory

Fri, 07/17/2020 - 10:23 -- Paul Crompton

Norwegian firm Freyr has secured NOK 130 million ($13 million) of pre-construction financing to build the country’s first lithium-ion battery cell facility.

The cash will be used to complete the design and technology selection process and enable the development of a 2GWh Fast Track battery cell manufacturing plant in the town of Mo i Rana, Rana municipality. 

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