News

The impact model assessed the direct and indirect effects of the battery cluster investments planned for the GigaVaasa area in Vaasa and Mustasaari on employment, output, added value, and tax revenues, as well as the regional distribution of the effects in the Vaasa region and the whole country.

FREYR Battery has made a planning reservation on a plot in the GigaVaasa area for the construction of a cathode materials factory. Plot 16, which became vacant after Johnson Matthey sold off their battery materials business, has now been reserved for the factory.

Finnish Minerals Group and Epsilon Advanced Materials have signed a memorandum of understanding (MoU) under which the companies will evaluate the possibility of setting up an anode materials production facility in Vaasa. A plot of land in the GigaVaasa area has been reserved for the facility after it became vacant when the cooperation between Grafintec Oy and Epsilon Advanced Materials ended on the 25th of August 2022.

The Finnish company Grafintec Oy and Epsilon Advanced Materials from India, which have reserved land in the GigaVaasa area, have announced in a stock exchange release that they are dissolving their mutual cooperation agreement. However, the City of Vaasa will continue negotiations with each company separately.

FREYR Battery's preparations for building a cell factory are Finland's first large-scale cell project, and we are very pleased that the process has progressed to this stage.

Finnish company Grafintec Oy and Indian company Epsilon Advanced Materials have made a plot reservation and signed a Memorandum of Understanding with the City of Vaasa to establish an anode materials production facility in the GigaVaasa area.

FREYR Battery, a developer of next-generation battery cell production capacity, have entered into two memoranda of understanding (“MoU”) with Finnish Minerals Group and the City of Vaasa, respectively, for strategic collaborations on potential development of industrial scale battery cell technology and production in Finland.

The City of Vaasa and Johnson Matthey have signed a Common Letter of Intent on 2 April 2021. The front-end engineering design for the battery value chain operator Johnson Matthey’s commercial plant in Vaasa has begun. The plant is planned to be in operation in 2024.