Freyr Battery Inc

FREYR Battery SA formed for the purpose of effecting a merger between Alussa Energy Acquisition Corp., FREYR AS, and other affiliated entities through a series of transactions. The company was founded by Peter Matrai, Torstein Dale Sjøtveit and Tom Einar Jensen on January 20, 2021 and is headquartered Luxembourg.

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

FREYR Battery excels in Q4, eyes U.S. expansion amid challenges

FREYR Battery's Q4 2022 earnings call highlighted significant achievements, positive financial results, and strategic initiatives for future growth.
The company's strengths in technology, partnerships, and market responsiveness position it well for success, despite facing challenges in operations and financing.
With a proactive approach to opportunities in the U.S. market, strategic planning for raw material sourcing, and a focus on customer needs, FREYR demonstrates a promising outlook for 2023.

FREYR Battery Inc reports Q1 milestones and financing pursuits

FREYR Battery Inc made strides in Q1 2023 towards becoming a key player in the battery supply industry, despite reporting a net loss. The company is actively securing financing and raw materials for their projects, with a focus on capacity expansions. Challenges include safety incidents and awaiting government support for capital allocation decisions.

FREYR Battery Inc progresses on $1B equity raise and market positioning

FREYR Battery Inc's Q2 2023 earnings call highlighted operational progress, financial updates, and strategic initiatives for project financing and market positioning.
The company's leadership transition, focus on specialized products, and commitment to efficiency and sustainability position it well for market demand and industry growth.
Challenges in market competition, financing, and performance validation underscore the need for strategic management and innovation to drive success and investor confidence.
Opportunities in energy storage demand, government financing partnerships, and investor engagement present avenues for growth, market expansion, and revenue generation for FREYR.
FREYR Battery Inc advances operational and financial strategies for growth

FREYR reports Q3 loss, focuses on cost-cutting and strategic partnerships

FREYR is navigating challenges at CQP and Giga Arctic while focusing on cost reduction and strategic partnerships.
The company is strengthening its technology capabilities and pursuing opportunities in the ESS market.
Despite financial losses, FREYR aims to extend its cash runway through disciplined financial management.
Redomiciling to the U.S. showcases a strategic move to align with the country's battery manufacturing support.

FREYR Battery reports Q4 loss, eyes Giga America project success

FREYR Battery's Q4 2023 earnings call highlighted a mix of challenges and opportunities amidst rapid market growth. The company's focus on technology innovation, capital formation, and strategic partnerships positions it well for future success in the EV and energy storage sectors.

FREYR Battery reports Q1 loss, strong cash position; eyes growth

FREYR Battery is making strides in technology strategy and market focus, aiming to become a leading battery producer. Despite a net loss, the company ended Q1 2024 with a strong cash position and no debt. Challenges in financial optimization and capital discipline persist, but opportunities in the battery sector and project pipelines offer growth potential.

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FREYR Battery, Inc. engages in developing battery solutions. It focuses on energy storage systems and commercial mobility. The company was founded by Tom Einar Jensen, Peter Matrai, and Tore Ivar Slettemoen on August 31, 2023 and is headquartered in Newnan, GA.

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, announced the establishment of a technology resources campus and business unit in Japan. The new business unit is the company's first physical location in Asia and will focus on efforts to facilitate and scale-up FREYR's testing and development of the 24M Technologies (“24M”) battery platform. FREYR's new facility will be located in

FREYR Battery Opens Technology Resources Campus and Business Unit in Japan

FREYR Battery (NYSE:FREY ) Q2 2022 Earnings Conference Call August 8, 2022 7:30 AM ET Company Participants Jeffrey Spittel - Investor Relations Tom Einar Jensen - Co-Founder and Chief Executive Officer Jan Arve Haugan - Chief Operating Officer and Deputy Chief Executive Officer Oscar Brown - Co-Founder and Chief Financial Officer Conference Call Participants Philipp Konig - Goldman Sachs Maheep Mandloi - Credit Suisse Greg Lewis - BTIG Operator Good morning and welcome to today's FREYR Battery Second Quarter Earnings Conference Call. My name is Candice and I will be your Moderator for today's call.

FREYR Battery's (FREY) CEO Tom Einar Jensen on Q2 2022 Results - Earnings Call Transcript

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2022. Highlights of the second quarter 2022 and subsequent events: In June, FREYR's Board of Directors sanctioned the construction of its first commercial scale battery manufacturing facility, the 29 GWh nameplate capacity Giga Arctic development in Mo i Ran

FREYR Battery Reports Second Quarter 2022 Results

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing second quarter 2022 results and conduct a conference call on August 8, 2022. The second quarter 2022 press release will be issued by 6:00 am U.S. Eastern Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 7:30 am U.S. Eastern Daylight Time (1:30 pm Cent

FREYR Announces Second Quarter 2022 Earnings Release and Conference Call

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, announced today that the company's Board of Directors (“The Board”) has approved the expansion of the planned Giga Arctic project under development in Mo i Rana, Norway, to an annual nameplate capacity of 29 GWh. FREYR's Board of Directors has also approved the construction of Giga Arctic. The approval follows substantial completion

FREYR Battery Sanctions Construction of its Inaugural Gigafactory

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: MINISTER OF TRADE AND INDUSTRY TO LAUNCH THE NORWEGIAN GOVERNMENT'S BATTERY STRATEGY AT FREYR BATTERY'S MO I RANA SITE FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production, is pleased to confirm that the company will welcome the Minister of Trade and Industry to launch the Norwe

CORRECTING and REPLACING Minister of Trade and Industry to Launch the Norwegian Government's Battery Strategy at FREYR Battery's Mo i Rana Site

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, welcomes the Minister of Trade and Industry to launch the Norwegian Government's National Battery Strategy at FREYR Battery's giga giga factory location in Mo i Rana, Northern Norway. This was announced at the Norwegian government's webpages Monday morning 27th June Norwegian time: https://www.regjeringen.no/no/aktuelt/naringsminist

The Minister of Trade and Industry Launches the Norwegian Government's Battery Strategy at FREYR Battery in Mo i Rana

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 a reservation agreement with Changzhou Senior New Energy Materials Co., Ltd. and Senior Material (Europe) AB to supply battery materials for its Customer Qualification Plant (“CQP”), currently under construction in Mo i Rana, Norway, as well as for the company's planned combined Gigafactory 1 & 2. Subject to the

FREYR Battery Concludes Raw Materials Agreement

(New York, Oslo and Luxembourg, May 25, 2022) Statkraft, Europe's largest producer of renewable energy has signed a binding Heads of Terms with FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity. The Heads of Terms is expected to be finalized as a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power under globally competitive terms for FREYR's planned battery cell production project in Mo i Rana, Norway.

Statkraft and FREYR Battery Sign Agreement, Securing Long-Term Supply of Renewable Energy

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a binding Heads of Terms with Statkraft, Europe's largest producer of renewable energy. The Heads of Terms is expected to be finalized as a long-term physical supply agreement, with the ambition to secure a long-term supply of renewable power under globally competitive terms for FREYR's planned battery cell production pro

FREYR Battery and Statkraft Sign Agreement, Securing Long-Term Supply of Renewable Energy

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4 Battery Stocks to Buy and Hold for Massive Gains

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, is convening its 2022 annual general meeting of shareholders (the "AGM") to be held on Wednesday, June 15, 2022, at 3:00 pm Central European Time. The Annual General Meeting will be held solely via video conference initiated from Luxembourg, Grand Duchy of Luxembourg. Access to the video conference, convening notice, and other docum

FREYR Battery Announces Annual General Meeting and Publishes Inaugural Annual Report

NEW YORK & OSLO, Norway & LUXEMBOURG & VAASA, Finland--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares (1,300,000 m²) of land in the GigaVaasa area. This plot is the future site of FREYR's planned battery cell production plant and part of the company's strategic collaboration with the City of Vaasa to develop industrial s

FREYR Battery Begins Preparatory Work in Vaasa, Finland

FREYR is well positioned to capitalize on the lithium ion battery boom. FREYR is able to leverage on the 24M battery technology to keep battery costs competitive, improve performance, and at the same time produce one of the most sustainable batteries globally.

FREYR Battery: Charging Up To Become A Leading Battery Manufacturer

FREYR Battery (NYSE:FREY ) Q1 2022 Earnings Conference Call May 11, 2022 7:30 AM ET Company Participants Jeff Spittel - Investor Relations Tom Einar Jensen - Chief Executive Officer Jan Arve Haugan - Chief Operating Officer Oscar Brown - Chief Financial Officer Conference Call Participants Jose Asumendi - JP Morgan Maheep Mandloi - Credit Suisse Evan Silverberg - Morgan Stanley Operator Welcome and thank you for standing by. Welcome to the FREYR Battery Q1 2022 Earnings Call.

FREYR Battery (FREY) CEO Tom Einar Jensen on Q1 2022 Results - Earnings Call Transcript

FREYR Battery SA's (NYSE: FREY) first-quarter net loss widened to $(34.91) million from $(11.89) million a year ago. Loss from operations was $(27.6) million versus $(11.92) million in 1Q21.

FREYR Battery Shares Gain Post Q1 Results

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the first quarter of 2022. Highlights of the first quarter 2022 and subsequent events: Signed conditional offtake agreement (“COA”) with Powin LLC to supply 28.5 GWh of cumulative volumes from 2024 – 2030 for Energy Storage Systems (“ESS”) applications. The cells will initially be delivered from

FREYR Battery Reports First Quarter 2022 Results

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Powin LLC (“Powin”), a global leader in the design, manufacturing, and integration of safe and scalable battery energy storage solutions, have signed a conditional agreement for Powin to offtake battery cells produced by FREYR for energy storage system applications, subject to the terms and conditions of the agreement. Highlight

FREYR Battery Secures 28.5 GWh Offtake Agreement with Powin

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, is pleased to announce that CEO Tom Einar Jensen will participate in the delegation of His Royal Highness (“HRH”) the Crown Prince of Norway during an official visit to Stockholm, Sweden, on May 2-4. The purpose of the royal delegation is to engage with Her Royal Highness the Crown Princess of Sweden and other delegates from across

FREYR CEO Joins HRH Crown Prince Håkon During Official Visit to Sweden

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing first quarter 2022 results and conduct a conference call on May 11, 2022. The first quarter 2022 press release will be issued by 6:00 am U.S. Eastern Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 7:30 am U.S. Eastern Daylight Time (1:30 pm Central

FREYR Announces First Quarter 2022 Earnings Release and Conference Call

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 appointment of Andreas Bentzen, to the position of Executive Vice President (“EVP”) Technology. Bentzen comes from the position of Co-Founder and Chief Technology Officer for Otovo, a leading European provider of solar panels and batteries for the residential market. “Technology has been a key part of FREYR's strat

FREYR Battery Appoints Senior Executive Andreas Bentzen as New EVP Technology

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Oscar Brown to the position of Group Chief Financial Officer (“CFO”) at FREYR Battery. As CFO, Brown will report to FREYR's Chief Executive Officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He w

FREYR Battery Appoints New Chief Financial Officer

FREYR Battery is one of the few SPAC companies that have delivered on expectations one year out.

FREYR Battery: Breaking Ground

FREYR Battery (FREY) CEO Tom Jensen on Q4 2021 Results - Earnings Call Transcript

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the fourth quarter and full fiscal year 2021. Highlights of the fourth quarter 2021 and subsequent events: Signed first two conditional offtake agreements with Honeywell (NASDAQ: HON) and a global industrial player representing more than 50 GWh of cumulative volumes from 2023 – 2030 for Energy St

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