FREYR Battery, a developer of clean, next-generation battery cell production capacity, has entered into an agreement with Aleees, the Taiwan-based lithium-iron phosphate (“LFP”) cathode battery material manufacturer. The agreement, which includes ongoing services and support from Aleees, provides FREYR with a worldwide license to produce and sell LFP cathode material based on Aleees’ technology, and to build production facilities leveraging Aleees’ industrial expertise. FREYR anticipates that the agreement will enable FREYR to meet the future LFP cathode material needs of the Giga Arctic battery production facility in Mo i Rana, Norway. Volumes could furthermore be deployed to FREYR’s planned Giga America project in the U.S.
Aleees offers complete LFP cathode battery material manufacturing technology and related patents to customers, primarily within the energy storage and EV battery spaces. Through the license and services agreement, FREYR has obtained non-exclusive rights to use Aleees’ technology and production methodology related to active LFP cathode material.
FREYR previously announced plans to establish an LFP cathode plant in the Nordic region with the ambition to commence production in 2024, coinciding with the anticipated ramp-up of operations from Giga Arctic. Establishing a Nordic LFP cathode supply chain is expected to bring strong economic benefits to FREYR and the Nordic region based on localized and decarbonized production and transportation of raw materials to battery cell manufacturing facilities. FREYR is also in initial discussions with other 24M licensing partners for the potential sale of LFP material produced by FREYR which could enable value creating opportunities through further upscaled and decarbonized production facilities.
“There is high global demand at present for active cathode material in general and LFP material in particular. By consummating this licensing agreement with Aleees, FREYR is well-positioned to achieve speed and scale of LFP cathode production for our Giga Arctic battery manufacturing plant and beyond. Aleees is one of the best-established LFP cathode producers outside of mainland China and is recognized for their world-class production technology. FREYR should derive an advantage by accessing the knowledge and capabilities of the Aleees team to help FREYR build a strong, localized supply chain for high quality raw materials,” commented Dr. Tilo Hauke, EVP of Supply Chain Management, FREYR.