Battery start-up Freyr accelerates U.S. plans on IRA support

URLhttps://www.reuters.com/technology/battery-start-u
SourceRouters
Date Published03/01/2023
Author NameNora Buli

Additional Reshoring Information:

Company/Division name FREYR Battery
Parent companyFREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Norway
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLarge storage batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Lead time/Time to market, IRA
Government Incentive dollar amount:$37 million per gigawatt hour (GWh)
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