Ratos company HENT to build FREYR Battery’s Giga Arctic battery factory in Mo i Rana

2022-10-06

The Norwegian construction company HENT, which signed a major partnership contract with FREYR in December 2021 regarding battery factories in Mo i Rana, has been commissioned to build FREYR Battery’s Giga Arctic battery factory. HENT will be responsible for planning, project administration and constructing the first battery factory, with floor space of 120,000 square metres.

Giga Arctic is the collective name of FREYR’s previously planned battery factories Gigafactory 1 and 2 in Mo i Rana. The annual manufacturing capacity is estimated at 29 GWh. Giga Arctic will primarily produce lithium-ion batteries, specifically lithium ferro-phosphate (LFP) batteries.

“Giga Arctic is yet another landmark to be proud of in HENT’s portfolio. This is an important project for society at large, since the factory will produce batteries that reduce global carbon dioxide emissions, which contributes to the transition towards a sustainable society. It is particularly gratifying that the project will be carried out in the collaborative form “Partnering”. Partnering contracts now make up the majority of HENT's order book. Furthermore, specialist expertise in large, complex projects is attractive. Ratos is a proud long-term owner with a conviction that sustainability means profitability,” says Christian Johansson Gebauer, Chairman of the Board of HENT and President Business Area Construction & Services, Ratos.

“This is an important milestone for us. We remain humble, but we are proud to be part of the new industrial initiative in Norway. Building this battery factory is evidence of our ability to collaborate when navigating large-scale construction projects side-by-side with our clients. HENT is an active advocate for building safely and sustainably, and when we work with FREYR we have a like-minded partner with a clear vision of a strong and sustainable battery industry in Norway,” says Jan Jahren, CEO, HENT.

About HENT AS
HENT is a leading construction company that mainly works with new construction of public and commercial real estate. HENT focuses on project development, project management and purchasing. Its projects are carried out with their own project administration and in collaboration with a knowledgeable network of quality-assured subcontractors. They conduct projects throughout Norway and in selected segments in Sweden and Denmark.

About FREYR Battery Norway AS
FREYR is a pioneering manufacturer of clean battery solutions for a better planet. FREYR is driven by cost-efficient hydro and wind power and designs and manufactures high-density, cost-stable lithium-ion batteries with a lower carbon footprint for the rapidly expanding global market for electric mobility, stationary energy storage and marine and aviation applications.

For further information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

 

 

 

 

 

 

 

Om Ratos
Ratos bolagsgrupp består av 15 bolag indelade i tre affärsområden, Construction & Services, Consumer och Industry. Nettoomsättning för Ratos bolagsgrupp uppgick 2021 till cirka SEK 26 miljarder. Vår affärsidé är att äga och utveckla bolag som är eller kan bli marknadsledande. Vi har en tydlig företagskultur och strategi – allt vi gör bygger på våra kärnvärden: Enkelhet, Tempo i exekvering och Allt handlar om människor. Vi möjliggör för självständiga bolag att utvecklas snabbare genom att vara del av någonting större. Människor och ledarskap samt kultur och värderingar är i fokus.