- Freyr Battery ( NYSE: FREY ) has selected and purchased a site in Coweta County, Georgia for its planned Giga America battery plant.
- The site in Bridgeport Industrial Park was selected based on operational, logistical and financial criteria, including its suitability to co-locate modular upstream and downstream projects with the Giga America cell manufacturing facility.
- Freyr will begin detailed project engineering of Giga America in the next few months. The initial phase will be a cell production module of ~34 GWh with an initial projected capital cost of $1.7B.
- The company is also evaluating upstream and downstream modules and additional cell production lines with total capital investments of more than $2.6B through 2029.
- Once fully complete, the Giga America complex is expected to be one of the largest battery cell manufacturing developments in the world. It will use the SemiSolid platform from U.S.-based licensing partner 24M for production of lithium-ion batteries at scale.
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Freyr Battery procures site in Georgia for new battery plant