Luxembourg- based battery manufacturer, FREYR Battery (FREYR) on Monday announced that it has entered a strategic agreement with Siemens for large-scale and sustainable battery cell production.

At the ongoing industrial event, 'Hannover Messe' FREYR announced that Siemens will be its preferred supplier in automation and digitization technology. FREYR will use Siemens Xcelerator portfolio, including Siemens Industrial Operations X software and hardware to design and operate FREYR's planned gigafactories in Norway and the U.S.

"Speed, scale, sustainability: That's what battery manufacturers need. And this is what our customers get at Siemens better than anywhere else," said Cedric Neike, member of the managing board of Siemens AG and CEO digital industries.

"With this partnership, we underscore our position as prime partner to battery manufacturers worldwide."

As a part of their strategic partnership, Siemens and NVIDIA have developed a showcase for Hannover Messe highlighting the transformative potential of the industrial metaverse. The exhibit, a cloud-based digital twin of the next-generation FREYR factories, created using AWS IoT TwinMaker and demonstrated in a custom Siemens application build on 'NVIDIA Omniverse' platform, showcases how battery manufacturers using this latest technology can make swift and better engineering decisions by visually interacting with, experiencing, and utilizing the comprehensive digital twin across the product, production, and service lifecycles in a high-fidelity, immersive environment. Further, the model integrates operational data from the factory, 3D definitions of the building, plant, machinery, and equipment, human ergonomics and safety information, detailed production processes, robots and automatic guided vehicles, and simulations of products and production.

Additionally, the agreement between Siemens and FREYR will also explore possible financing options for FREYR via Siemens Financial Services as well as a potential battery cell off-take agreement. FREYR is currently in the process of raising project finance for Giga Arctic and raising equity for Giga America.

This year in March, Siemens and FREYR announced their plans to partner with Caterpillar, Glencore, and Nidec to form a strategic coalition to promote the scale-up of sustainable battery solutions across Europe, North America, and beyond.