Nidec: Joint venture agreement with FREYR!

Nidec: Joint venture agreement with FREYR!

ーExpansion of BESS (Battery Energy Storage System)ー

Nidec:

30 August 2022,

Signed a joint venture agreement with Freyr Battery, a Norwegian semi-solid lithium-ion battery company.

Nidec will strengthen its partnership with FREYR and aim to expand its BESS (Battery Energy Storage System) business.

FREYR:

A startup founded in 2018 with semi-solid lithium-ion battery manufacturing technology.

In 2021, it will be listed on the New York Stock Exchange.

FREYR
semi-solid lithium ion battery

FREYR semi-solid lithium-ion batteries are

Compared to conventional lithium-ion batteries, it has excellent safety features.

As a next-generation battery, various companies are paying attention.

Establishment of joint venture:

A joint venture is scheduled to be established in Oslo, Norway from October to December 2022.

Develops, manufactures and sells battery products.

The shareholder composition is Nidec 66.7% and FREYR 33.3%.

EE Times Japan- Yahoo! News

https://news.yahoo.co.jp/articles/842f2c0e2ad2641b92ba1d572a765b54a17c4222

Nidec : Accord de joint-venture avec FREYR !

ーExtension du BESS (Battery Energy Storage System)ー

Nidéc :

30 août 2022,

Signature d’un accord de coentreprise avec Freyr Battery, une société norvégienne de batteries lithium-ion semi-solides.

Nidec renforcera son partenariat avec FREYR et visera à développer son activité BESS (Battery Energy Storage System).

FREYR :

Une startup fondée en 2018 avec une technologie de fabrication de batteries lithium-ion semi-solides.

En 2021, il sera coté à la Bourse de New York.

FREYR
batterie lithium-ion semi-solide

Les batteries lithium-ion semi-solides FREYR sont

Comparé aux batteries lithium-ion conventionnelles, il présente d’excellentes caractéristiques de sécurité.

En tant que batterie de nouvelle génération, diverses entreprises y prêtent attention.

Création de joint-venture :

Une coentreprise devrait être créée à Oslo, en Norvège, d’octobre à décembre 2022.

Développe, fabrique et vend des produits de batterie.

L’actionnariat est composé de Nidec 66,7% et FREYR 33,3%.

EE Times Japan- Yahoo! Actualités

Nidec: Joint-Venture-Abkommen mit FREYR!

ーErweiterung von BESS (Battery Energy Storage System)ー

Nidec:

30. August 2022,

Unterzeichnung einer Joint-Venture-Vereinbarung mit Freyr Battery, einem norwegischen Unternehmen für halbfeste Lithium-Ionen-Batterien.

Nidec wird seine Partnerschaft mit FREYR stärken und sein BESS-Geschäft (Battery Energy Storage System) ausbauen.

FREYR:

Ein 2018 gegründetes Startup mit Herstellungstechnologie für halbfeste Lithium-Ionen-Batterien.

2021 wird es an der New Yorker Börse notiert.

FREYR
halbfester Lithium-Ionen-Akku

FREYR Semi-Solid-Lithium-Ionen-Batterien sind

Im Vergleich zu herkömmlichen Lithium-Ionen-Akkus hat er hervorragende Sicherheitseigenschaften.

Als Batterie der nächsten Generation achten verschiedene Unternehmen darauf.

Gründung eines Joint Ventures:

Von Oktober bis Dezember 2022 soll ein Joint Venture in Oslo, Norwegen, gegründet werden.

Entwickelt, produziert und vertreibt Batterieprodukte.

Die Anteilseigner setzen sich zu 66,7 % aus Nidec und zu 33,3 % aus FREYR zusammen.

EE Times Japan – Yahoo!-Nachrichten

Nidec Signs Joint Venture Agreement with Norwegian Semi-Solid Lithium-Ion Battery Manufacturer FREYR Battery

Purpose of the agreement

FREYR is a lithium-ion battery manufacturer founded in 2018, listed on the New York Stock Exchange in 2021, and planning to start mass production in 2024.

FREYR has innovative semi-solid lithium-ion battery manufacturing technology in terms of quality and manufacturing process.

The company will manufacture batteries in Norway, an advanced decarbonization country,

exclusively using clean renewable hydroelectric power locally available.

Consequently, FREYR’s production of battery cell is environmentally friendly,

and it gains competitive advantage in terms of abundant energy supply and lower cost coupled with lower CO2 emissions.

Nidec’s Battery Energy Storage Solutions (“BESS”) provide services to the grid

that enable accelerated adoption of renewable power generation which contributes to the realization of a carbon-zero society.

FREYR will manufacture eco-friendly semi-solid lithium-ion batteries

using 100% renewable energy through a dedicated Power Purchase Agreement with Statkraft (Europe’s largest renewable energy producer) based on 100% hydroelectric power.

Our partnership with FREYR will ensure a stable procurement of competitive

and clean semi-solid lithium-ion batteries for Nidec’s BESS solutions.

This will help reduce CO2 emissions significantly throughout the entire process from the battery manufacturing process to the use of our BESS solution by our customers.

The objective of the alliance is to jointly create a global leading provider of utility scale battery energy storage products drawing on FREYR’s innovative,

low-carbon battery technology and Nidec’s leading position in utility scale energy storage systems.

By concluding this joint venture agreement, Nidec will strengthen strategic partnership with FREYR and aim to further expand the BESS solution business in the future.

In parallel, Nidec continues to work on strengthening its partnerships with leading lithium-ion battery suppliers in order to secure our needs for battery products and support our growth in the coming years.

Nidec Corporation

https://www.nidec.com/en/corporate/news/2022/news0830-01/