Factory site Finland

FREYR has a reservation with the City of Vaasa, Finland, for approximately 50 hectares (500,000 m²) of land in the GigaVaasa area.

Vaasa gigafactory area

The Environmental Permit for the site has been approved, and gained legal force in August 2024.

FREYR has been selected by the European Union Innovation Fund (“EUIF”) for a €122 million grant award to develop the its potential joint venture Cathode Active Material (“CAM”) manufacturing project at this site.

Freyr holds a license and service agreement for production of active cathode material (LFP).