FREYR Battery (“FREYR”), a developer of clean, next-generation battery production capacity, has developed an Environmental Impact Assessment (EIA) program and submitted its proposal to the Finnish Centre for Economic Development, Transport and Environment (ELY).
This marks an important step in the approval process to initiate the potential construction of FREYR’s planned battery factory project in Vaasa, Finland. FREYR has begun construction of its first planned plant in Mo i Rana, Norway, and has announced potential developments for industrial-scale battery production in Vaasa, Finland and the United States. FREYR plans to provide up to 43 GWh of battery capacity by 2025 and up to 83 GWh of annual capacity by 2028.
FREYR has identified Vaasa as a promising production site due to its local supply of affordable renewable energy and its proximity to raw materials and a highly qualified workforce. The goal of the Vaasa project is to produce advanced, energy-efficient batteries with the lowest possible CO2 emissions. EIA approval is required before a final investment decision and plant construction can begin.
“Vasa is an important centre for the battery industry in Northern Europe and the city started this journey almost five years ago. For FREYR, Vaasa represents the ideal location for gigawatt-hour scale production in Northern Europe, where we can Attracting talent and developing a collaborative value chain, as we continue to progress towards our goal of becoming one of the largest producers of low-carbon batteries in Europe,” said Tom Einar Jensen, CEO of FREYR.
“To this end, the EIA process…