The company-FREYR Battery, Norway-based-is purchasing U.S.-based solar manufacturing assets from China’s Trina Solar. FREYR will pay $340 million for the assets. It is the single biggest step forward for FREYR as it strives to establish a solid and vertically integrated U.S. solar manufacturing presence. The assets are including Trina’s newly established 5 GW solar module manufacturing plant in Texas. FREYR, known for its battery solutions in support of green energy storage, will highlight its commitment to bolstering renewable energy infrastructure in the US with the expansion into solar manufacturing. The 1.35 million square foot Texas facility, operating at full capacity, should begin to ramp up production by 2025. Significantly, 30% of its production is already pre-sold through firm offtake contracts with U.S. customers, confirming a strong demand for domestically sourced solar modules.
FREYR’s ambitions are more than just securing this plant. The company is getting ready to construct another 5 GW solar cell manufacturing plant in the US and has begun site selection. Construction is expected to begin in the second quarter of 2025, and production should begin in late 2026. With this