About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

FREYR Battery Begins Preparatory Work in Vaasa, Finland

By: via Business Wire

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares (1,300,000 m²) of land in the GigaVaasa area. This plot is the future site of FREYR’s planned battery cell production plant and part of the company’s strategic collaboration with the City of Vaasa to develop industrial scale battery technology and production in the country.

In 2021, FREYR signed a non-binding memorandum of understanding (“MoU”) with the City of Vaasa, providing FREYR with an exclusive right to a site for a potential battery cell plant with the aim to explore opportunities for joint site-development to accelerate supply of clean batteries in Finland. The temporary land lease agreement of the Vaasa plot is 40 hectares larger than the area FREYR reserved in the initial MoU, to increase the company’s efforts to accelerate supply to meet the expected increasing demand for localized and decarbonized battery solutions.

The agreement now enables FREYR to begin soil investigation and preparatory work as a prelude to potential construction. The lease is valid from May 1, 2022, until December 31, 2023, with the option for a one-year extension.

“This lease grants us use of 1.3 million square meters of space in Vaasa, an area that we have previously identified as ideal for our future planned Gigafactory in Finland. There is an ample supply of affordable, renewable energy in this region and convenient proximity to raw materials. That, combined with the country’s highly competent workforce, makes this land lease an important step on the path to potential development,” said Axel Thorsdal, Senior Vice President, Project Development at FREYR.

Mayor of Vaasa, Tomas Häyry, shared his perspectives on the contract and the ongoing planning efforts. “We are developing the GigaVaasa area and the battery value chain in stages, and naturally, the progress of the cell plant project is particularly significant. At the same time, road and rail line connections are being developed in the area.”

Prior to this land lease, FREYR commenced an Environmental Impact Assessment (EIA) for its Vaasa project. The EIA is an essential step towards understanding the impact that the proposed factory may have on the local environment. The target is to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility.

“With this agreement, we can now begin the work to clear routes for our ground investigations, which include assessing the soil and the local environment, prior to any potential construction. This is a critical step in our battery development strategy in Finland,” Thorsdal adds.

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com.

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding (i) the development, timeline, capacity and other usefulness of FREYR’s planned battery cell production plant, Gigafactory and battery development strategy in Finland and the Vaasa site, (ii) the timeline for FREYR’s supply of clean batteries in Finland, (iii) any potential benefits of the Vaasa site for FREYR, including its ample supply of affordable, renewable energy and convenient proximity to raw materials and (iv) any potential benefits of FREYR’s battery development strategy in Finland are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, (ii) FREYR’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2022 and (iii) in other SEC filings available on the SEC’s website at www.sec.gov.

Contacts

More News

View More
2 Stocks Hurt By Trump's Furniture Tariffs and 1 That Benefits
Via MarketBeat
Topics Government World Trade
Tickers ETD RH W
Is Sandisk Still a Buy After 118% AI-Fueled Surge?
Via MarketBeat
Topics Artificial Intelligence
Tickers SNDK
Why GlobalFoundries Just Became a Geopolitical Power Play
Via MarketBeat
Topics Economy World Trade
Tickers GFS
3 Stocks Using Buybacks to Drive Sustainable Price Growth
Via MarketBeat
Tickers AZO ETSY KR
Why These 3 Tech Stocks Deserve Your Attention in Q4
Via MarketBeat
Tickers BRZE LPTH MDB
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.