Energy company estimates billion-dollar loss after scrapped battery factory

Energy company calculates billion-dollar loss after scrapped battery factory T1 writes down the values of the test factory (CQP) and the Giga Arctic building in Mo i Rana by 3.3 billion kroner ($312.9 million), writes NRK, referring to the company's quarterly report Freyr originally promised to build a battery factory for 40 billion kroner in Mo i Rana, with potentially up to 1,500 jobs. However, it was shelved. Read also: Read also: Swedish ba…