The Flight to America Did Not Turn Out as Planned Comment: They fled Norwegian tax policies and a lack of predictability in the industrial policy. Those who left for the US got the worst of it. It turns out the grass wasn't greener on the other side of the Atlantic.
The Green Pipe Dreams Torn Asunder by an Arctic Storm Comment: The Swedish battery company Northvolt is heading toward bankruptcy. In that case, it would be a gigantic setback for the European and Arctic investment in the green shift. In addition, it would be the most expensive adult education of all time.
Freyr Stops Battery Production and Lays Off Employees The battery company Freyr must lay off several employees and make "significant downsizing." The production of battery cells in Mo i Rana is now put on hold.
Freyr CEO Quits After Ten Months CEO Birger Steen is leaving Freyr with immediate effect after only ten months. The CFO is leaving at the same time for personal reasons, according to the battery company.
Freyr Battery Awarded NOK 8,8 Million Just before Christmas, Freyr Battery was granted NOK 8.8 million from the Research Council of Norway. The money will go towards streamlining the production line at the test factory in Mo i Rana, Northern Norway.
Freyr Battery Receives Shareholder Approval For Redomicile to USA Freyr Battery is two steps closer to Giga America - the company's US-based battery factory, as they leave Europe behind.
Freyr Battery Prepares Moving the Company to the U.S.: “The U.S. Is the Future,” Says Chairperson Freyr Battery is organizing an extraordinary general meeting on December 15th to vote on whether the company should be redomiciled from Luxemburg to the U.S.
Freyr Battery Lays off 78 Employees Freyr battery factory is laying off 78 employees, and ten of them work in Northern Norway. Top management is also being reduced.
Freyr Continues With Plans for One of Two Factories in Finland The Norwegian battery company Freyr abandons its plans for the battery cell factory in Finland but keeps the door open for a cathode factory.
Freyr Battery: "The Termination Process is Already In Progress" Freyr battery factory has already begun terminating employees due to the downscaling of the battery factory Giga Arctic in Mo i Rana, Northern Norway. "No locations will be unaffected," says CEO Birger Steen. The company also stopped projects in Finland and Sweden.
Agenda Northern Norway: We Have Not Promised Much and That We Will Keep Commentary: Northern Norway is facing an expected wave of population aging, an energy crisis, territorial disputes, and war. This is the status after a conference organized by the business community in the North.
Freyr Battery Ventures in the US, Delays in Norway While awaiting the Norwegian government's response to the US support package for green industries, Freyr proceeds with the development of Giga Arctic at a measured pace. The battery company informs that they will now develop Giga America in parallel with Giga Arctic.
Freyr Battery Looks to Finland and the US The company also reports that they have bought property "somewhere in Europe"."Until the Norwegian government finds a solution to the EU tax, we will not be producing electric car batteries in Norway," says Executive Chairman of Freyr, Torstein Dale Sjøtveit.
Freyr Battery Looks to Finland and the US The company also reports that they have bought property "somewhere in Europe"."Until the Norwegian government finds a solution to the EU tax, we will not be producing electric car batteries in Norway," says Executive Chairman of Freyr, Torstein Dale Sjøtveit.
Freyr Battery Looks to Finland and the US The company also reports that they have bought property "somewhere in Europe"."Until the Norwegian government finds a solution to the EU tax, we will not be producing electric car batteries in Norway," says Executive Chairman of Freyr, Torstein Dale Sjøtveit.
Confirms Investment of USD 1.7 Billion in Battery Gigafactory in Northern Norway Freyr Battery confirms the construction of a battery gigafactory in Mo i Rana, Northern Norway. The Norwegian Government will support Freyr with NOK 4 billion, the Minister of Trade and Industry announced as he presented Norway's new battery strategy in Mo Industrial Park.
