Clean Battery Solutions for a Better Planet
FREYR's Phased Gigafactory Development: 80+ GWh Installed by 2028
FREYR Battery Manufacturing Facility Development
Installed Capacity
GWh
90
90
2028 Target Installed Capacity: 83 GWh
80
70
60
50
2025 Target Installed Capacity: 43 GWh
40
40
30
20
10
0
2022
2023
2024
Gigafactory 6
Joint Venture Gigafactory 2
Capex
Asset
($ millions)
Capacity 1)
(GWh)
Operational
Start
Customer Qualification Plant
$35
0.2
2022
Gigafactory 5
Gigafactory 1
$275
5
2023
Gigafactory 2
$310
8
2024
Gigafactory 4
Joint Venture Gigafactory 1
$565
8
2024
Gigafactory 3
$380
11
2025
Gigafactory 3
Gigafactory 4
$380
11
2025
Gigafactory 5
$775
16
2026
Joint Venture Gigafactory 1
Gigafactory 2
Gigafactory 1
2025
2026
2027
Joint Venture Gigafactory 2
$565
8
2027
Gigafactory 6
$775
16
2028
TOTAL
$4,060
83
2028
2029
Note: Company projection based on 24M data; the indicated outlook should not be construed as estimates or guidance for future developments of the Company
1) Capacity refers to 80% of nameplate capacity for Gigafactories and 100% of nameplate capacity for Joint Venture Gigafactories
FREYR
Clean battery solutions
Source: Company data
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