Statkraft and freyr battery sign agreement, securing long-term supply of renewable energy

(new york, oslo and luxembourg, may 25, 2022) statkraft, europe's largest producer of renewable energy has signed a binding heads of terms with freyr battery (nyse: frey) (“freyr”), a developer of clean, next-generation battery cell production capacity. the heads of terms is expected to be finalized as a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power under globally competitive terms for freyr's planned battery cell production project in mo i rana, norway.
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