{"id":690603,"date":"2022-09-30T06:02:03","date_gmt":"2022-09-30T10:02:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/"},"modified":"2022-09-30T06:02:03","modified_gmt":"2022-09-30T10:02:03","slug":"freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/","title":{"rendered":"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility<\/b><\/p>\n<p>NEW YORK &amp; OSLO, Norway &amp; LUXEMBOURG&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFREYR Battery (NYSE: FREY) (\u201cFREYR\u201d), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with HENT AS (\u201cHENT\u201d), one of Norway\u2019s largest general contractors and project developers. HENT will be responsible for the planning, project management and construction of FREYR\u2019s 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga Arctic.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588128\/4\/MicrosoftTeams-image_%2812%29.jpg\" alt=\"Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nHENT has previously delivered several large construction projects across the Nordics to companies in both the public and private sectors. For Giga Arctic, HENT\u2019s role includes the construction, technical installations, and related infrastructure.\n<\/p>\n<p>\n\u201cThis is an exciting milestone for us. With HENT now at the helm of constructing Giga Arctic, we expect to be well-positioned to meet our targets for clean battery production. We selected HENT as our partner on this journey due to their great track record in building and developing large and complex facilities, as well as their work with us so far on Giga Arctic,\u201d says Einar Kilde, EVP Project Execution, FREYR.\n<\/p>\n<p>\n\u201cIn addition, HENT\u2019s commitment to Health, Safety, Security and Environment (\u201cHSSE\u201d) is well aligned with our own, and we see that along with the much-needed speed and scale we target for battery production, sustainability is of equal weight and importance,\u201d Kilde adds.\n<\/p>\n<p>\nIn December 2021, FREYR announced an initial collaboration agreement with HENT. This contract covered the first stage of development for FREYR\u2019s Giga Arctic Factory in the Mo Industrial Park. The new agreement marks the start of phase two and the commencement of construction of the Giga Arctic plant.\n<\/p>\n<p>\n\u201cWe\u2019re extremely pleased and proud to be on board for the next phase of FREYR\u2019s battery development in Norway. This is a testament to our strong alignment and positive collaboration as we navigate these large-scale construction projects side-by-side. At HENT, we are active proponents of building as safely and sustainably as possible, and when working with FREYR, we find a like-minded partner with a clear vision of a strong and sustainable battery industry in Norway, one that starts in the heart of Rana municipality,\u201d says Knut Alstad, EVP Market &amp; Development, HENT.\n<\/p>\n<p><b>About FREYR Battery<\/b><\/p>\n<p>\nFREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR\u2019s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.freyrbattery.com&amp;esheet=52931885&amp;newsitemid=20220930005249&amp;lan=en-US&amp;anchor=www.freyrbattery.com&amp;index=1&amp;md5=080ad2e4516d8f6c1bbbea2cc89a76d5\">www.freyrbattery.com<\/a><\/p>\n<p><strong>About HENT AS<\/strong><\/p>\n<p>\nHENT is a leading construction company that mainly works with new construction of public and commercial real estate. HENT focuses on project development, project management and purchasing. Its projects are carried out with its own project administration and in collaboration with a knowledgeable network of quality-assured subcontractors. It conducts projects throughout Norway and in selected segments in Sweden and Denmark.\n<\/p>\n<p><b>Cautionary Statement Concerning Forward-Looking Statements<\/b><\/p>\n<p>\nAll statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding FREYR\u2019s ability to meet its targets for clean battery production; HENT\u2019s ability to deliver on the planning, project management and building of FREYR\u2019s more than 80,000 square-meter battery production facilities in Mo i Rana, Norway, known as Giga Arctic; HENT\u2019s role in the construction, technical installations, and related infrastructure of Giga Arctic; and FREYR\u2019s and HENT\u2019s commitment to HSSE and its ability to deliver speed, scale and sustainability in battery production are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.\n<\/p>\n<p>\nMost of these factors are outside FREYR\u2019s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the \u201cRisk Factors\u201d section in (i) FREYR\u2019s Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on September 1, 2022, and (ii) FREYR\u2019s annual report on Form 10-K filed with the SEC on March 9, 2022, available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52931885&amp;newsitemid=20220930005249&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=e5facc9964892fafeaff0578951c229e\">www.sec.gov<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220930005249r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/<\/a><\/span><\/p>\n<p><b>Investor contact:<br \/>\n<\/b><br \/>Jeffrey Spittel<br \/>\n<br \/>Vice President, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jeffrey.spittel@freyrbattery.com\">jeffrey.spittel@freyrbattery.com<br \/>\n<\/a><br \/>Tel: (+1) 281-222-0161\n<\/p>\n<p><b>Media contact:<br \/>\n<\/b><br \/>Hilde R\u00f8nningsen<br \/>\n<br \/>Communications Director<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:hilde.ronningsen@freyrbattery.com\">hilde.ronningsen@freyrbattery.com<br \/>\n<\/a><br \/>Tel: (+47) 453 97 184\n<\/p>\n<p><b>KEYWORDS:<\/b> New York North America United States Europe Norway Luxembourg<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Packaging Technology Manufacturing Batteries Alternative Energy Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588061\/3\/Freyr_logo_RGB_tagline_copy.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588128\/3\/MicrosoftTeams-image_%2812%29.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility NEW YORK &amp; OSLO, Norway &amp; LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211; FREYR Battery (NYSE: FREY) (\u201cFREYR\u201d), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with HENT AS (\u201cHENT\u201d), one of Norway\u2019s largest general contractors and project developers. HENT will be responsible for the planning, project management and construction of FREYR\u2019s 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga Arctic. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/ Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire) HENT has previously delivered several large &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690603","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility NEW YORK &amp; OSLO, Norway &amp; LUXEMBOURG&#8211;(BUSINESS WIRE)&#8211; FREYR Battery (NYSE: FREY) (\u201cFREYR\u201d), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with HENT AS (\u201cHENT\u201d), one of Norway\u2019s largest general contractors and project developers. HENT will be responsible for the planning, project management and construction of FREYR\u2019s 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga Arctic. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/ Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire) HENT has previously delivered several large &hellip; Continue reading &quot;FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T10:02:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588128\/4\/MicrosoftTeams-image_%2812%29.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility\",\"datePublished\":\"2022-09-30T10:02:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/\"},\"wordCount\":873,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20220930005249\\\/en\\\/1588128\\\/4\\\/MicrosoftTeams-image_%2812%29.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\\\/\",\"name\":\"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility - 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HENT will be responsible for the planning, project management and construction of FREYR\u2019s 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga Arctic. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20220930005249\/en\/ Knut Alstad, EVP Market &amp; Development HENT, and COO Jan Arve Haugan FREYR Battery (Photo: Business Wire) HENT has previously delivered several large &hellip; Continue reading \"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-30T10:02:03+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588128\/4\/MicrosoftTeams-image_%2812%29.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility","datePublished":"2022-09-30T10:02:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/"},"wordCount":873,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20220930005249\/en\/1588128\/4\/MicrosoftTeams-image_%2812%29.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/freyr-battery-enters-into-agreement-with-hent-as-to-construct-giga-arctic-battery-production-facility\/","name":"FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility - 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