FREYR Battery to Supply Upto 14 GWh LFP Cells to Impact Clean Power Technology

• FREYR means to provide clean battery solutions based on the same battery cell architecture as the ESS products that will certainly be generated at its Giga Arctic battery production center in Mo i Rana, Norway.
• The framework agreement is non-binding and the orders will certainly be carried out in accordance with the demands of Impact.

FREYR Battery has authorized a conditional offtake agreement (" COA") with Impact Clean Power Technology under which, FREYR will provide 10 to 14 GWh of clean next-generation battery cells based on the 24M Technologies SemiSolidTM system to Impact Clean Power Technology from 2025 to 2030.

Norway-based FREYR Battery is a developer of clean, next-generation battery cell manufacturing capacity. Impact Clean Power Technology is a producer of battery systems for transportation, market and also stationary power storage space.

FREYR stated that it means to provide Impact with clean battery solutions based upon the same battery cell architecture as the ESS items that will certainly be generated at its Giga Arctic battery production facility in Mo i Rana, Norway. The LFP cells will certainly be integrated into E-Mobility items of Impact for use in commercial vehicles as well as other applications.

The agreement in between FREYR and Impact covers the period up until 2030, with potential for additional expansion. This framework agreement is non-binding and the orders will certainly be executed in accordance with the demands of Impact. It may get to a value of $1.8 billion based upon BNEF's recent 2025 lithium rate estimates and various other conditions.

Tom Einar Jensen, CEO, FREYR Battery, stated, "This COA with Impact marks our very first commercial agreement to produce fit-for-purpose LFP cells for the E-Mobility market alongside our already solid traction in the ESS industry." He also stated that following today's announcement, FREYR's portfolio of offtake as well as long-term sales agreements currently goes beyond 130 GWh of manufacturing in both ESS and also E-Mobility markets through 2030.

" Impact and also FREYR share an aspiration to speed up the urgently required decarbonization of the world's transportation systems, which since today account for about 25% of worldwide carbon emissions," he Jensen.

FREYR is targeting the commercial and also passenger vehicle markets to complement the company's continued solid grip in the ESS space. By generating clean, next-generation battery solutions and also desiring center and decarbonize supply chains, FREYR is seeking to offer an unique and also competitively set apart LFP cell offering from standard technology vendors based in Asia.

Impact CEO Bartlomiej Kras stated, "We looked for a sustainable LFP producer in Europe that could supply our facility in Warsaw, aiding us in fulfilling the expanding need for batteries in the E-Mobility space. In FREYR, we have a like-minded partner that is committed to the decarbonization of important markets like commercial transportation."

In September, FREYR as well as Japan-based power storage system (ESS) as well as electrical motors manufacturer, Nidec Corporation, introduced finalization of a 38 GWh battery cell sales agreement through 2025-- 2030.