Eguana Technologies and Freyr set out joint plans for ESS battery modules and cells
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Eguana's 'Evolve' residential energy storage system. Photo: Eguana
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Canadian energy storage systems (ESS) manufacturer, Eguana Technologies, is set to jointly develop battery modules with Norway’s Freyr, which would also supply battery cells for ESS markets.
The companies have signed a memorandum of understanding for the potential offtake of 1.7 GWh capacity of lithium-ion based high-density cells over five years – which Eguana said would support deployment of around 200,000 average-sized residential home storage systems.
Under the terms of the MoU, Calgary-based Eguana will design and produce modules using cells made by Freyr in Norway, based on 24M’s semi-solid electrode platform. Freyr would also hold licensing rights to produce the Eguana-developed modules for other customers.
The companies said the new modules will be designed for "easy integration into existing and new energy storage systems developed by third-party integrators, developers or power utilities”.
Eguana intends to integrate modules from Freyr into its own range of ESS products over the next five years.
Eguana CEO Justin Holland said the agreement paves the way to open new opportunities in the commercial and industrial energy storage markets.
Freyr, which is about to merge with special purpose acquisition company Alussa Energy Acquisition, said last month it was in talks with a "major multinational industrial conglomerate” aimed at building battery cell production facilities in the US.
Meanwhile, Freyr is continuing its development of up to 43 GWh of lithium-ion battery cell production capacity in Norway by 2025.
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The companies have signed a memorandum of understanding for the potential offtake of 1.7 GWh capacity of lithium-ion based high-density cells over five years – which Eguana said would support deployment of around 200,000 average-sized residential home storage systems.
Under the terms of the MoU, Calgary-based Eguana will design and produce modules using cells made by Freyr in Norway, based on 24M’s semi-solid electrode platform. Freyr would also hold licensing rights to produce the Eguana-developed modules for other customers.
The companies said the new modules will be designed for "easy integration into existing and new energy storage systems developed by third-party integrators, developers or power utilities”.
'New opportunities'
Eguana intends to integrate modules from Freyr into its own range of ESS products over the next five years.
Eguana CEO Justin Holland said the agreement paves the way to open new opportunities in the commercial and industrial energy storage markets.
Freyr, which is about to merge with special purpose acquisition company Alussa Energy Acquisition, said last month it was in talks with a "major multinational industrial conglomerate” aimed at building battery cell production facilities in the US.
Meanwhile, Freyr is continuing its development of up to 43 GWh of lithium-ion battery cell production capacity in Norway by 2025.
Related articles in our archive: