67. From PowerPoint to Gigafactory - feb22

Gigafactory: a term first coined by Elon Musk in 2013 when announcing the Tesla+Panasonic giant battery plant in Nevada. There are currently more than 260 Gigafactories planned around the world, but lots of them remain “PowerPoint factories”. So, how do you go from PowerPoint to Gigafactory? The answer might be in Norway, so let’s go to Norway. We are very happy to be joined by Tom Jensen. Tom is CEO of FREYR battery, a Norwegian Gigafactory start-up. In 2021, FREYR raised 600mUSD on the NYSE to make his vision of Speed, Scale and Sustainability come true.We discuss the strategic positioning, the inherent advantages of Norway which go beyond cheap clean power, we talk about industrialisation, technology, chemistry, supply chain and competition. Tom is a great admirer of the Swedish neighbour Northvolt, but he plans to catch up fast. With such a great leadership, FREYR will soon be a force to reckon with in the Battery industry.Thanks to our great partner Aquila Capital