Nidec Energy is a Joint Venture between Nidec Corporation (66.7%) and Freyr Batteries (33.3%). Established in December 2022, the company is focused on delivering state-of-the-art, low carbon batteries, racks and DC blocks for stationary energy storage systems. The company will be serving Utilities, Energy Providers, Grid Operators, Independent Power Producers, System Integrators, Developers and Private Investors looking to install battery energy storage systems. The batteries will use Freyr’s innovative cell technology. The factory will be located in Norway.