The company is planning to initiate detailed project engineering in the coming months.
The initial phase of Giga America is planned to be a cell production module of approximately 34GWh based on the next-generation of 24M’s US-based SemiSolid production platform at an initial projected capital cost of US$1.7 billion. Freyr is also evaluating value accretive upstream and downstream modules as well as additional cell production lines that are expected to bring total capital investments to more than US$2.6bn through 2029.
Upon completion of all the contemplated construction phases, the Giga America complex is expected to be one of the largest battery cell manufacturing developments globally.
Freyr’s ambitions to accelerate development of Giga America is in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway.
