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

Despite having the largest lithium reserves in the world, Latin America (LATAM) has lagged far behind other continents when it comes to setting up lithium-ion gigafactories.

Shanghai-based WeView has raised US$56.5 million in several rounds of financing to commercialise the zinc-iron flow battery energy storage systems technology originally developed by ViZn Energy Systems.

Pilot production has been established by an Australian company making lithium-ion battery storage solutions designed for hot climates.

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

Gigafactory company FREYR Battery is making moves in the US market with the establishment of a technology centre in Boston and the appointment of a VP of operations there.

Lithium-ion battery factory serving EV and ESS sectors has opened in New York State which could ramp-up to 38GWh annual production capacity.

Many of the battery gigafactory projects in Europe are likely to see delays, Energy-Storage.news has heard.

Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.

European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.