The stock has traded between $7.30 and $7.59 so far today. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale. platforms that target distinct and complimentary end market applications katrin.berntsen@freyrbattery.com
The companys long-term ambition is to replicate the strategy employed at Giga Arctic to produce next-generation batteries that are among the cleanest anywhere in the world. In October, FREYR announced a supply chain partnership with ITOCHU customer. The sample cells exhibited top quartile gravimetric energy density performance for LFP graphite batteries, demonstrated very similar and stable behavior across the cells over several cycles, and exhibited best-in-class performance for thermal stability, indicating robust safety characteristics. in this press release, including, without limitation, statements industrialization partner of choice in the clean battery space on both The results and presentation material will be available for download at https://ir.freyrbattery.com. United States: 1 (646) 664 1960 Advance discussions that will further FREYRs ambition to be an industrial scaling partner of choice for leading complementary technology platforms that target distinct and additional end market applications across the ESS, passenger EV, and commercial electric mobility markets. remarked Tom Einar Jensen, FREYRs Co-Founder and CEO. Industrial Park in Coweta Country, Georgia with options for further Tel: (+1) 281-222-0161, Media contact: Finalize production equipment deliveries and acceptance tests and meet Work with leading strategic, financial, and government stakeholders to advance FREYRs capital formation journey. We expect 2023 to be a truly exciting and transformative year for FREYR and our 24M licensing partners as we move into live battery production. By consummating this licensing agreement with Aleees, FREYR is well-positioned to achieve speed and scale of LFP cathode production for our Giga Arctic battery manufacturing plant and beyond. FREYR is working through the diligence phase of its project financing
detailed conversations with major OEMs to forge potential long-term Three months ended
FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. by 2030. Additional information about factors that could materially affect FREYR is set forth under the Risk Factors section in (i) FREYRs Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the SEC) on September 1, 2022 and (ii) FREYR's Annual Report on Form 10-K for the year ended December 31, 2022 that is expected to be filed with the SEC on February 27, 2023, available on the SECs website at www.sec.gov. NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, has announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant.
FREYR Battery Reports Fourth Quarter and Full Year 2022 Results 2023.
Freyr Board approves first battery cell factory - electrive.com accelerating. The development of Giga America positions FREYR to meet the Highlights of the third quarter 2022 and subsequent events: We are excited with the progress FREYR demonstrated to support our support from Aleees, provides FREYR with a worldwide license to produce FREYR Battery aims to provide industrial scale clean battery solutions FREYR is focused on advancing the following strategic mandates and milestones over the next 12 months: Presentation of Third Quarter 2022 Results. Results Overview, Financing, and Liquidity. manufacturing process, and satisfy key technical performance milestones; With the addition of FREYR, Coweta County is quickly becoming a premier destination for top-tier manufacturing industries that support the U.S. economy and beyond. FREYRs intention to maximize sustainable long-term shareholder value development of FREYRs organization. The net gain in the fourth quarter of 2022 was due in part to a non-cash $59.8 million gain on the fair value adjustment to our warrant liability. FREYR Facilities); Giga Americas initial battery cell production
FREYR Battery Norway | FREYR Battery Announces Plans for U.S. FREYR is planning to initiate detailed project engineering of Giga America in the coming months. ", We are thrilled to welcome FREYR Battery to the Coweta County community, said Coweta County Board of Commissioners Chairman Bob Blackburn. our first binding long-term sales agreement with Nidec, and completing So far 512,745 shares have traded compared to average volume . NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with Aleees (TWSE: 5227), the Taiwan-based lithium-iron phosphate (LFP) cathode battery material manufacturer. applications across the ESS, passenger EV, and commercial electric FREYR is also in initial discussions with other 24M licensing partners for the potential sale of LFP material produced by FREYR which could enable value creating opportunities through further upscaled and decarbonized production facilities. Should underlying commission critical path production equipment with the ambition to reach decarbonization of energy and transportation systems globally. clean, next-generation battery cells with Nidecs expertise as a global katrin.berntsen@freyrbattery.com Vice President, Investor Relations
Should You Buy FREYR Battery SA (FREY) in - InvestorsObserver The Company has successfully completed all 14 of 14 factory acceptance tests and 10 of 14 site acceptance tests. Earlier this year, we announced our intention to explore opportunities with Aleees as a potential partner for LFP cathode development. Investor contact: FREYR intends to install 50 GWh of battery cell capacity by 2025 to position FREYR as one of Europes largest cell suppliers. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Replicate the Giga Arctic development across multiple jurisdictions based on a commercial framework of allocating 50% of respective plant capacities to long-term sales agreements and 50% to merchant sales. Global transport is the third largest CO2 contributor, and therefore electrification of commercial vehicles is of high importance. the expected capital commitments for the Giga America project in Listed on the New York Stock Exchange, FREYR's mission is to produce green battery cells. 11.11.2022 FREYR has selected and purchased a site in Coweta County, Georgia for multi-phase Giga America clean battery manufacturing project
FREYR, a Developer of Clean, Next-Generation Battery Cells, to List on Based on the continued favorable evolution of supply-demand dynamics in core end markets, FREYR has established upsized capacity targets for 2025 of a minimum of 50 GWh, over 100 GWh by 2028, and more than 200 GWh by 2030, respectively. moving rapidly and decisively to advance our strategic goal to become an At the same time, Aleees has also achieved outstanding results in ESG, and its corporate governance performance has been among the top 5% of all listed companies in Taiwan for 7 consecutive years. Information about factors that could materially affect FREYR is set forth under the Risk Factors section in (i) FREYRs Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 1, 2022, and (ii) FREYRs annual report on Form 10-K filed with the SEC on March 9, 2022, available on the SECs website at www.sec.gov. multiple phases beginning with an initial battery cell production module In accordance with FREYRs ambitions to accelerate development of Giga America in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway, the company is intensifying and broadening its financing efforts. development of Giga America, concluded Jensen. A recording of the event will be made available after the presentation on FREYRs website and YouTube channel. The sample cells exhibited top quartile energy density FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. which secures hydropower renewable electricity for Giga Arctic and the Vice President, Investor Relations In anticipation of further regulatory clarity in 2023, the Company is continuing to develop Giga Arctic at a measured pace to facilitate optimization of project economics from localized incentives. MDFIs; FREYRs timeline of the project financing process for Giga as the targeted start and ramp up of sample cell production in 1Q 2023; Tel: (+47) 920 54 570, Global IR contact
FREYR is in advanced negotiations to convert the companys key COAs to value accretive long-term sales agreements. approvals in 1Q 2023 and financial closing upon satisfying conditions FREYR intends to install 50 GWh of battery cell capacity by 2025, 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030, and position the Company as one of Europe's . katrin.berntsen@freyrbattery.com
coordinate and finalize deliveries, perform acceptance tests, and FREYR is focused on advancing the following strategic mandates and milestones over the next 12 months: Presentation of Fourth Quarter and Full Year 2022 Results. With the initial projected start of giga scale production on the 24M platform at FREYRs CQP nearing, the strategic alignment throughout the 24M network is expected to yield continued learnings and strategic partnership opportunities. precedent thereafter. results for the third quarter 2022. sides of the Atlantic.. Vice President, Communication and Public Affairs Participant conference call dial-in numbers: United Kingdom: 020 3936 2999
Listed on the New York Stock Exchange, selection and purchase of the Giga America site now concluded, FREYR is Vice President, Investor Relations. December 31, Share of net loss of equity method investee, Redeemable preferred shares fair value adjustment, Net loss attributable to non-controlling interests, Net income (loss) attributable to ordinary shareholders. At present Aleees co-develops various types of LFP, LFMP products with more than 40 global customers, and produces high-quality, low-cost, and long-life cycle LFP cathode materials. The initial phase of Giga America is planned to be a cell production module of approximately 34 GWh based on the next-generation of 24Ms U.S.-based SemiSolid production platform at an initial projected capital cost of $1.7 billion. We look forward to the innovation, opportunities, and success that FREYR will generate.. NEW YORK, NY & OSLO, Norway-- ( BUSINESS WIRE )--FREYR AS, (the "Company" or "FREYR"), a Norway-based developer of clean, next-generation battery cell production capacity, today announced. and completing detailed plant engineering; applying to the U.S. DOE for a www.energytech.com is using a security service for protection against online attacks. Tel: (+47) 920 54 570, Internet Explorer presents a security risk. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below.
FREYRs corporate, operational, and technical development is benefiting from deepening collaboration with partners across the growing global 24M licensee ecosystem. In December 2022, FREYR announced that as one of the prerequisites to establishing the Nidec Energy joint venture, a package of 24M sample cells was sent to a leading independent third-party laboratory for testing on behalf of Nidec. www.energytech.com is using a security service for protection against online attacks. A presentation will be held today, November 14, 2022, at 7:30 am Eastern
FREYR Battery Norway | About to deliver a minimum of 50 GWh of battery cell capacity by 2025, over NEW YORK & OSLO & LUXEMBOURG, December 23, 2022 -- ( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) ("FREYR" or "the Company"), a developer of clean, next-generation battery cell production. FREYR Battery has generated ($0.65) earnings per share over the last year ( ($0.65) diluted earnings per share). safety characteristics. Most of these factors are outside FREYRs control and difficult to predict. downstream modules in the Nordic region and the U.S.; and the continued cell production in Vaasa, Finland, and the United States. Additional information about factors that circumstances after the date of this press release. We are eager to support FREYR in bringing more innovation and greater sustainability to the battery industry. the initial stage of the project financing process for Giga Arctic After submitting your request, you will receive an activation email to the requested email address. 1 state for business, and I look forward to their growing impact on Coweta and the surrounding region. the progress of securing project financing credit support from ECAs and
Through this agreement and in cooperation with Aleees, FREYR is positioned to become a low cost and low carbon producer of LFP cathode material. The project is expected to be developed in multiple phases beginning with an initial battery cell production module of approximately 34 GWh at a preliminarily estimated capital investment of $1.7 billion. NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--
FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. Progress construction on the Giga Arctic development while prudently managing capital spending in advance of the anticipated close of the project financing and expected Norwegian and/or EU responses to the IRA.
FREYR Battery Reports Second Quarter 2022 Results Are you interested in joining us and contributing to a greener future? To ensure the most secure and best overall experience on our website, we recommend the latest versions of. extend the contract beyond 2030. All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the development, construction, timeline, capacity, and other usefulness of FREYRs CQP, Giga Arctic, Giga America, and other planned or future production facilities or Gigafactories (collectively, the FREYR Facilities); Giga Americas initial battery cell production module of approximately 34 GWh; the progress and expected outcomes of FREYRs industrialization plans and capital formation; FREYRs targeted start and ramp up of sample cell production in 1Q 2023; the progress and development of FREYRs strategic and financial partnerships; the progress and development of FREYRs joint ventures and partnerships; exploration of or progress toward additional debt or equity capital raises, including securing financial support to fund FREYRs planned expansion; FREYRs ability to advance strategic initiatives to further its aspirations to become an industrial partner of choice in the clean battery space; FREYRs commitment to accelerating its development plans in the U.S. based on the financial incentives attendant to the proposed Inflation Reduction Act or from any state or local governments; the expectation that the sample cells from the CQP will accelerate customer dialogues, fortify FREYRs competitive position, demonstrate the scalability of the 24M manufacturing process, and satisfy key technical performance milestones; the progress of discussions that will further FREYRs ambition to be a scaling partner of choice for leading parallel technology platforms that target distinct and complimentary end market applications across the ESS, passenger EV, and commercial electric mobility spaces; FREYRs intention to maximize sustainable long-term shareholder value and enhance its competitive position; FREYRs intention to establish decarbonized and localized supply chains; the development of 24M Technologies, Inc.s technologies and their use in the FREYR Facilities; and the attainment of operational milestones are forward looking statements. Upon completion of all the contemplated construction phases, the Giga America complex is expected to be one of the largest battery cell manufacturing developments globally. Tel: (+47) 920 54 570, Global IR contact
FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. FREYRs industrialization plans and capital formation; the expected industrialization plan during and subsequent to the third quarter, which Norway and announced potential development of industrial scale battery The partners intend to establish decarbonized and localized supply jeffrey.spittel@freyrbattery.com The service requires full JavaScript support in order to view this website. Corporation (TSE: 8001) under which ITOCHU will serve as a direct Initial feedback from the market sounding process is anticipated during 3Q 2022. Listed on the New York Stock Exchange, FREYRs mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR is focused on advancing the following strategic mandates and milestones over the next 18 months: Presentation of Second Quarter 2022 Results. To learn more about FREYR, please visit www . and key technical personnel at 24M to replicate the major elements of Listed on the New York Stock Exchange, FREYRs mission is to produce clean battery cells to accelerate the decarbonization of energy and transportation systems globally. Highlights of the second quarter 2022 and subsequent events: commenced building the first of its planned factories in Mo i Rana, All other locations: +44 20 3936 2999, The participant passcode for the call is: 303285. The webcasted presentation will be streamed online in English. FREYR intends production facilities leveraging Aleees industrial expertise. Earnings for FREYR Battery are expected to decrease . The information in this press release includes forward-looking Arctic; the progress of discussions that will further FREYRs ambition
FREYR Battery: Energy Storage For The Climate Economy Will Boom 100 GWh of annual capacity by 2028, and over 200 GWh of annual capacity To learn more about FREYR, please visit www . for the companys Giga America clean battery manufacturing project in For more information, please visit www.aleees.com. FREYR Battery last released its earnings data on May 15th, 2023. Jeffrey Spittel FREYR, a Norway-based company, late last year announced it had purchased a site in Coweta County, Georgia, for its Giga America battery plant. Aleees is an approved supplier of LFP cathode material to 24M Technologies, Inc. (24M), FREYRs U.S.-based partner.
The company selected the Bridgeport Industrial Park site through a rigorous evaluation process based on key operational, logistical, and financial criteria, including the suitability of the site to co-locate modular upstream and downstream projects with the Giga America cell manufacturing facility. Advanced the site selection process in conjunction with Koch Strategic Platforms of the joint ventures first planned Gigafactory in the U.S., Giga America. meeting the key milestones that will further validate the 24M platform, All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the development, construction, timeline, capacity, and other usefulness of FREYRs CQP, Giga Arctic, and other planned or future production facilities or Gigafactories in the U.S. (collectively, the FREYR Facilities); the ability to secure critical path, long-lead time equipment for the FREYR Facilities in a timely manner; the construction of FREYRs CQP and its anticipated factory acceptance testing in H2 2022, as well as the commencement of a ramp up of sample cell production in Q1 2023; the progress and development of customer relationships and offtake agreements; FREYRs ability to convert any conditional agreements, including heads of terms agreements, into definitive agreements; the development and growth of FREYRs target markets; the progress and development of FREYRs joint ventures and partnerships; the development and commercialization of other battery technologies or battery chemistries; exploration of or progress toward additional debt or equity capital raises, including securing financial support, such as loan guarantees and debt financing support from governments and other entities, to fund FREYRs planned expansion; FREYRs ability to advance strategic initiatives to further its aspirations to become an industrial partner of choice in the clean battery space; FREYRs expansion across the battery value chain; FREYRs commitment to accelerating its development plans in the U.S. based on improving market conditions and the financial incentives attendant to the proposed Inflation Reduction Act; the continued favorable evolution of supply-demand dynamics in core end markets; FREYRs ability to replicate the Giga Arctic development across multiple jurisdictions based on a commercial framework of allocating 50% of respective plant capacities to long-term sales agreements and 50% to merchant sales; the pursuit of a technology licensing agreement with Aleees; the progress of discussions that will further FREYRs ambition to be a scaling partner of choice for leading parallel technology platforms that target distinct and complimentary end market applications across the ESS, passenger EV, and commercial electric mobility spaces; the advancement of FREYRs augmented value proposition strategy and the ability to meet its key objectives in accordance with this strategy; and the attainment of operational milestones are forward looking statements.
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