Company/Division name | FREYR Battery |
Parent company | FREYR 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) reshored | Large 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) |