EU’s €122M Boost for FREYR: A Game Changer in Sustainable Energy Storage?

[EBBC Team]

The European Union has awarded FREYR Battery €122 million from the Innovation Fund to advance industrial-scale production of lithium iron phosphate (LFP) cathode materials in Vaasa, Finland. With a target capacity of 30,000 tons annually, this project could significantly bolster Europe’s clean energy storage sector. Final funding approval is expected by early 2025, aligning with FREYR’s goal to balance sustainable operations between Europe and the U.S.

Could this EU-backed initiative transform the future of green energy?

Read the full article here: EU’s €122M Boost for FREYR

• This topic was modified 2 months, 4 weeks ago by EBBC Team.
• This topic was modified 2 months, 4 weeks ago by EBBC Team.

[Author]

Posts