Clean Battery Solutions for a Better Planet
Norway's Advantage: Among the Lowest Carbon Intensity & Electricity Prices in Europe
Carbon Intensity of Electricity Produced
Carbon intensity (gCO:eq/kWh)
Electricity Price Estimates, 2022-40 1)
EUR/MWh
50
0
200
400
600
800
FREYR
Clean battery solutions
45
45
40
40
35
30
30
25
==
20
2022
2025
2030
2040
-Norway (NO4)
Sweden 2)
-Finland 2)
Eastern Europe 2)
Germany
France
Netherlands
UK
FREYR has signed a MoU for the delivery of electricity in Mo i Rana ³)
1)
Source: The Norwegian Water Resources and Energy Directorate (NVE), Oct 2019
2)
Source: electricityMap.org, Dec 2020
3)
Point estimates for 2022 and 2040 for these countries. Estimates for 2025 and 2030 are interpolations between the prices
of 2022 and 2040; Eastern Europe is an average of prices in Poland, Estonia, Latvia and Lithuania
MOU Based on spot price + margin for up to 200GWh. Source: Company data
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