FREYR Battery and Nidec Corporation, a globally leading producer of high-efficiency electric motors and a leader in the energy storage systems (ESS) space, have established a downstream joint venture, now called Nidec Energy AS. The newly established Nidec Energy aims to develop and supply highly competitive, integrated battery energy storage.
FREYR Battery (NYSE: FREY) ("FREYR"), a developer of clean, next-generation battery cell production capacity, and Nidec Corporation (TSE: 6594) ("Nidec"), a globally leading producer of high-efficiency