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FREYR Battery Signs Contract With HENT To Build 120K Sq Meter Battery Production Site

FREYR Battery (FREY), clean battery solutions provider, said on Friday that it has inked a deal with HENT AS, a Norwegian project developer, to construct FREYR's 120,000 square-meter battery factory building, including facilities and infrastructure in Mo i Rana, Norway.

The financial terms of the contract were not disclosed. According to the deal, HENT will be responsible for construction, technical installations, and related infrastructure.

Last year, FREYR had announced an initial collaboration with HENT. This contract covered the first stage of development for FREYR's Giga Arctic Factory in the Mo Industrial Park.

The latest contract marks the beginning of phase two to start of construction of the Giga Arctic plant.

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