FREYR Battery, a developer of clean battery cell production capacity, has partnered with HENT AS, a Norwegian construction company, for the construction of its battery factory in Mo i Rana, Norway. HENT will be responsible for planning, project management, and construction of the 120,000 square-meter facility. The collaboration is expected to help FREYR meet its targets for clean battery production. The agreement marks the start of phase two of the project, following an initial collaboration agreement in December 2021. HENT's commitment to health, safety, security, and the environment aligns with FREYR's sustainability goals.
Jan K. Jahren, CEO, HENT and Einar Kilde, EVP Project Execution, FREYR
New York, Oslo and Luxembourg - FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with HENT AS (“HENT”), one of Norway’s largest general contractors and project developers. HENT will be responsible for the planning, project management and construction of FREYR’s 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga Arctic.
HENT has previously delivered several large construction projects across the Nordics to companies in both the public and private sectors. For Giga Arctic, HENT’s role includes the construction, technical installations, and related infrastructure.
“This is an exciting milestone for us. With HENT now at the helm of constructing Giga Arctic, we expect to be well-positioned to meet our targets for clean battery production. We selected HENT as our partner on this journey due to their great track record in building and developing large and complex facilities, as well as their work with us so far on Giga Arctic,” says Einar Kilde, EVP Project Execution, FREYR.
“In addition, HENT’s commitment to Health, Safety, Security and Environment (“HSSE”) is well aligned with our own, and we see that along with the much-needed speed and scale we target for battery production, sustainability is of equal weight and importance,” Kilde adds.
In December 2021, FREYR announced an initial collaboration agreement with HENT. This contract covered the first stage of development for FREYR’s Giga Arctic Factory in the Mo Industrial Park. The new agreement marks the start of phase two and the commencement of construction of the Giga Arctic plant.
“We’re extremely pleased and proud to be on board for the next phase of FREYR’s battery development in Norway. This is a testament to our strong alignment and positive collaboration as we navigate these large-scale construction projects side-by-side. At HENT, we are active proponents of building as safely and sustainably as possible, and when working with FREYR, we find a like-minded partner with a clear vision of a strong and sustainable battery industry in Norway, one that starts in the heart of Rana municipality,” says Knut Alstad, EVP Market & Development, 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 its own project administration and in collaboration with a knowledgeable network of quality-assured subcontractors. It conducts projects throughout Norway and in selected segments in Sweden and Denmark.