The support package is intended as a response to the US’s green support scheme the Inflation Reduction Act (IRA). The support scheme of close to NOK 4 billion has provided very strong incentives for investments in green industry in the USA. In Norway, there has been great tension over how the government will respond to the subsidies in the USA. Among other things in Mo i Rana. The company Freyr is building a NOK 17 billion battery factory here, Giga Arctic. A scaled-down version of the factory has already been completed and put into use, and on Tuesday the very first working battery rolled off the production lines. The state has supported the project with NOK 4 billion in loans and loan guarantees to get the project off the ground. But the further construction of the large factory is highly uncertain. The construction of Giga Arctic is already well under way, but in the autumn there may be a stop to construction, warns Freyr. Photo: DRONEFOTO Freyr is also building a factory in the USA, Giga America. And after the IRA came into force, Freyr began to turn his attention to the states. news has discussed how the company is holding back orders for steel and concrete pending clarification on further progress. They are not alone in being enticed by the Americans’ subsidy schemes. Yara has chosen to invest billions in two new ammonia factories in the Gulf of Mexico in the USA. CEO Svein Tore Holsether has stated this to Dagens Næringsliv.
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The government presents new support schemes for green industry – news Nordland
