FREYR Battery and Hana Technology Form Strategic Partnership

Published on: 24 August 2022
by KnowESG
FREYR-Hana-Tech-signing-Ceremony

FREYR Battery, a developer of clean, next-generation battery cell production capacity, has awarded a strategic partnership framework agreement to Hana Technology Co. Ltd. in South Korea.

The two companies will collaborate on the development of equipment and automation solutions for FREYR's Customer Qualification Plant in Mo I Rana, Norway, as well as FREYR's planned Gigafactories.

Hana Technology creates high-precision automation solutions for battery plants and other industrial applications. This strategic partnership framework agreement will allow FREYR and Hana Technology to design and co-develop CQP solutions, such as quality control equipment, ageing time reductions, and artificial intelligence updates to systems to reduce waste.

Tom Einar Jensen, CEO for FREYR, said: 

"We selected Hana Technology due to their proven track record with major Korean battery manufacturers. We also experienced, as part of our tender process, that they have the best technical solution to meet our needs for clean battery cell production. We aim to collaborate and co-create with them, ensuring that we move with speed, scale quickly, and make strides towards our goal to become one of the most sustainable battery producers in the world."

Hana Technology is a pre-qualified vendor of 24M Technologies, Inc., the manufacturer of the 24M SemiSolid™ production platform, which enables the production of lithium-ion batteries at a lower cost and in a more sustainable manner. FREYR has licenced the 24M platform to streamline the production of battery cells and, thus, minimise carbon emissions.

Insik Lee, Managing Director, Hana Technology, said: 

"FREYR’s ambition to build sustainable and efficient battery production facilities is well aligned with our areas of expertise. By joining forces and co-creating technical solutions for their planned Gigafactories and for the FREYR CQP that is now underway, we aim to elevate the standards for clean, cost-efficient battery cell technology, moving fast together to meet the growing, global battery demand."

As part of the strategic alliance framework agreement, Hana Technology will specifically support FREYR's Gigafactories in areas such as pouch assembly, formation, ageing, inspection, grading, packaging, and scrap disposal equipment. In addition, Hana Technology will work with FREYR to examine, enhance, and improve its technical documentation.

“Our bold ambitions require experienced partners, such as Hana Technology. We have secured three years of their expertise and capabilities through this agreement, with the option to extend if needed. This is yet another step towards securing the capacity we need as we head towards initial production – according to our timeline,” adds Jensen.

Source: FREYR Battery

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