Freyr selects 24M’s semi-solid tech to manufacture lithium-ion battery cells
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Freyr CEO Tom Jensen. Photo: Freyr
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Norwegian lithium-ion battery (LIB) cell developer Freyr has signed a framework agreement for the in-licensing of semi-solid electrode battery technology from US company 24M.
Freyr, which is developing a lithium-ion gigafactory in Norway, said it plans to build, own and operate multiple LIB cell manufacturing facilities using the 24M semi-solid electrode platform.
Freyr CEO Tom Jensen said: "The 24M semi-solid solution represents a fundamental redesign of traditional LIB cell technology. Our process with 24M to date has revealed a technology with documented ability to significantly increase energy densities, while substantially reducing investments and operating costs, compared to traditional LIB solutions on the market today.”
24M president and CEO Naoki Ota said the use of its thicker semi-solid electrodes "significantly reduces use of materials and capital investment compared to incumbent battery cell designs, in addition to providing robust abuse tolerance, long life, 100% quality traceability and unique recycling attributes”.
Freyr plans to start installing and operating mass production facilities at gigawatt-hour scale capacity in Norway from 2022. The company is preparing to order equipment for an initial large-scale pilot line – and aims to start installing the equipment for Norway’s first LIB facility, at Mo i Rana, during the second half of next year.
Last July, Freyr raised NOK 130m (£10.9m) of pre-construction equity financing for the first LIB facility in Norway. In October, Freyr announced a deal for Siemens to purchase its battery cells, in addition to clinching a battery materials supply deal with Elkem.
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Freyr, which is developing a lithium-ion gigafactory in Norway, said it plans to build, own and operate multiple LIB cell manufacturing facilities using the 24M semi-solid electrode platform.
Freyr CEO Tom Jensen said: "The 24M semi-solid solution represents a fundamental redesign of traditional LIB cell technology. Our process with 24M to date has revealed a technology with documented ability to significantly increase energy densities, while substantially reducing investments and operating costs, compared to traditional LIB solutions on the market today.”
24M president and CEO Naoki Ota said the use of its thicker semi-solid electrodes "significantly reduces use of materials and capital investment compared to incumbent battery cell designs, in addition to providing robust abuse tolerance, long life, 100% quality traceability and unique recycling attributes”.
Freyr plans to start installing and operating mass production facilities at gigawatt-hour scale capacity in Norway from 2022. The company is preparing to order equipment for an initial large-scale pilot line – and aims to start installing the equipment for Norway’s first LIB facility, at Mo i Rana, during the second half of next year.
Last July, Freyr raised NOK 130m (£10.9m) of pre-construction equity financing for the first LIB facility in Norway. In October, Freyr announced a deal for Siemens to purchase its battery cells, in addition to clinching a battery materials supply deal with Elkem.
Related articles in our archive: