FREYR Battery has inked an agreement to acquire Trina Solar’s US manufacturing assets. The deal is expected to be finalised by the end of 2024. As part of the agreement, FREYR will acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas. The plant began production on November 1, 2024, and is expected to reach full production capacity by 2025, with 30 per cent of its output secured through firm contracts with US customers.
Furthermore, upon completion of the acquisition, FREYR will implement a multi-phase plan to build a vertically integrated US solar manufacturing footprint. The next step will involve constructing a 5 GW solar cell manufacturing plant in US, with site selection currently underway. Construction is scheduled to begin in the second quarter of 2025. The first solar cell production is expected in the second half of 2026.
FREYR Battery is a US based company focused on developing and producing affordable, clean battery cells for a variety of applications, including stationary energy storage, electric mobility, and marine industries. The company is committed to providing large-scale clean energy solutions aimed at reducing global emissions and promoting the decarbonization of energy and transportation systems worldwide.
