The EU is ‘stepping up its game on battery gigafactories’, European Commission executive VP Maroš Šefčovič said at the Giga Europe conference today (12 March).

The EU has today (23 November) launched a grant funding opportunity worth €4 billion (US$4.4 billion) for upstream and downstream clean energy projects, including energy storage.

We caught up with Birger Steen, CEO of lithium-ion gigafactory company Freyr Battery, about its recent decision to minimise European investments in light of the Inflation Reduction Act, discussing a potential policy response and its approach to ESS and using conventional technologies.

The US Department of Energy (DOE) has earmarked up to US$3.5 billion of new capital for battery manufacturing, a week after European gigafactory company Freyr announced it would only be scaling in the US for now.

FREYR Battery, which is targeting the battery storage sector with its product line, has received a €100 million (US$112.29 million) grant commitment.

A roundup of the biggest projects, financing and offtake deals in the sector that Energy-Storage.news has reported on this year.

Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

FREYR Battery has signed a series of agreements that bring its plans for gigafactories in Europe and later the US closer to fruition.

FREYR Battery and Nidec intend to form a JV for the manufacture of battery storage modules and packs.