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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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, is announcing that the Research Council of Norway, Innovation Norway, and Siva have granted $11 million (NOK 100 million) through the Norwegian Green Platform initiative (the “Green Platform”) to a consortium of companies, including FREYR. The initiative is intended to provide a platform to establish sustainable battery production. The conso

Norwegian Green Platform Initiative to Support Sustainable Battery Production

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 fourth quarter and full-year 2021 results and conduct a conference call on February 28, 2022. The fourth quarter and full-year 2021 press release will be issued by 6:00 am U.S. Eastern Standard Time (12:00 pm Central European Time). The conference call is scheduled to begin at 7:30 am U.S. Easte

FREYR Announces Fourth Quarter and Full-Year 2021 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, is proud to confirm its commitment to the Ten Principles of the United Nations Global Compact on human rights, labor, environment, and anti-corruption, in a signed statement to the UN Secretary General, H.E. António Guterres. FREYR will integrate the UN Global Compact principles within the company's strategy, culture, and daily operations, a

FREYR Signs UN Global Compact Principles

NEW YORK, OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into nine frame agreements with key suppliers for the supply of battery materials required for the Customer Qualification Plant (“CQP”) being built in Mo i Rana, Norway. The remaining four frame agreements are in the final stages of negotiations. These frame agreements will be the basis for supply of raw materials to the CQP as well a

FREYR Battery Concludes Frame Agreements for More Than 90% of Its Raw Material Requirements for Initial Plants in Mo i Rana

NEW YORK & OSLO, Norway & LUXEMBOURG & VAASA, Finland--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has developed a program for the Environmental Impact Assessment (EIA) and submitted its proposal to Finland's Centre for Economic Development, Transport and the Environment (ELY Centre). This marks an important step in the approval process to initiate a potential construction of FREYR's planned battery cell plant project in Vaas

FREYR Battery Submits Environmental Impact Assessment Program for Planned Battery Cell Plant in Finland

NEW YORK, OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production, has selected DNV, the assurance and risk management company, as its partner to supply third-party certification services. DNV will assure that FREYR's management system and products adhere to the highest international standards. “A critically important part of rapidly scaling sustainable production of batteries is to ensure world class projec

FREYR Selects DNV as Certification Partner for its Global Development

Honeywell

Honeywell International Inc (NASDAQ: HON) and FREYR Battery SA (NYSE: FREY) have inked an agreement to deploy energy storage solutions via next-generation battery cells. As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications.

FREYR Stock Jumps On Battery Cell Collaboration With Honeywell

HOUSTON & OSLO, Norway--(BUSINESS WIRE)--Honeywell (NASDAQ: HON) and FREYR Battery (NYSE: FREY) today announced they have signed an agreement pursuant to which FREYR will, subject to viability, leverage Honeywell's leading technology offerings, including integrated automation, field instrumentation and security integration solutions in their manufacturing process. As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitu

Honeywell and FREYR Collaborate to Deploy Energy Storage Solutions via Next-Generation Battery Cells

FREYR Battery SA (NYSE: FREY) and Aleees, a producer of lithium iron phosphate (LFP) cathode materials for batteries, signed a Head of Terms agreement to pursue a Joint Venture. The financial terms were not disclosed.

FREYR Battery, Aleees To Form LFP Cathode Manufacturing Joint Venture

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Aleees (TWSE: 5227), a producer of lithium iron phosphate (“LFP”) cathode materials for batteries, have signed a Head of Terms agreement to pursue a Joint Venture (“JV”) with the ambition to establish an LFP cathode plant in the Nordic region. The joint venture partners will seek to commence production in 2024, coinciding with t

FREYR Battery and Aleees to Pursue LFP Cathode Manufacturing Joint Venture

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Piper Sandler analyst Greg Tuttle initiated coverage on Enovix Corp (NASDAQ:ENVX), FREYR Battery SA (NYSE:FREY), and Microvast Holdings Inc (NASDAQ:MVST). The analyst initiated Enovix with an Overweight rating and a price target of $39, implying an upside of 48.5%.

Piper Sandler Sees 48% Upside In Enovix; Neutral On FREYR, Microvast

The emerging lithium-ion battery manufacturer just signed a big supply contract through 2028.

Why Lithium Battery Stock Freyr Popped on Thursday

FREYR Battery (FREY) stock is soaring higher on Thursday thanks to a five-year, 31 GWh deal for its low-carbon battery cells. The post FREY Stock: 7 Things to Know About FREYR Battery as Deal News Gives Shares a Charge Today appeared first on InvestorPlace.

FREY Stock: 7 Things to Know About FREYR Battery as Deal News Gives Shares a Charge Today

FREYR Battery SA (NYSE: FREY) executed an inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed, global publicly listed manufacturer and provider of energy storage systems (ESS). Financial terms were not disclosed.

FREYR Stock Surges On Offtake Agreement With Undisclosed Customer

The stock price of FREYR Battery (NYSE: FREY) increased by over 13% during intraday trading today. This is why it happened.

FREYR Battery Stock (FREY): Why The Price Jumped Today

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has executed its inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed, leading global publicly listed manufacturer and provider of energy storage systems (“ESS”). The two companies have agreed to jointly develop innovative technology solutions for the fast-growing global ESS market based on

FREYR Battery Awarded 31 GWh Inaugural Offtake Agreement with Leading Global ESS Provider

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production, welcomes the strategic partnership and investment announced between FREYR's partner, 24M Technologies, Inc. (“24M”) and Volkswagen Group (“VWAG”) to manufacture next-generation lithium-ion EV batteries using 24M's SemiSolid™ platform. The partnership is focused on the development of production technology for SemiSolid™ battery cells for use

24M Technologies Announces EV Battery Partnership With Volkswagen

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 the Crown Prince of Norway during his official visit to New York on December 6th and 7th. FREYR's Tom Einar Jensen and Marte Mjøs Persen, the Norwegian Minister of Petroleum and Energy, will participate in a panel discussion e

FREYR to Accompany Crown Prince of Norway on Official U.S. Visit

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NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has become a member of the Fair Cobalt Alliance ("FCA") to underscore FREYR's commitment to developing a sustainable global battery industry. The FCA is a multi-stakeholder action platform committed to developing responsible and fair supply of artisanal mined cobalt from the Democratic Republic of Congo, creating and diversifying su

FREYR Joins Fair Cobalt Alliance

The stock price of FREYR Battery (NYSE: FREY) increased by over 9% during intraday trading today. This is why it happened.

FREYR Battery (FREY) Stock: Why The Price Increased Today

FREYR Battery (FREY) CEO Tom Jensen on Q3 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 and Glencore International AG (“Glencore”), one of the world's largest global diversified natural resource companies, have signed a contract for the supply of up to 1,500 metric tons of high grade, sustainably sourced cobalt metal cut cathodes made from partially recycled cobalt produced at Glencore's Nikkelverk facility in Norway. “

FREYR and Glencore Sign Supply Contract for Sustainable Cobalt and Expand Their Collaboration for the Responsible Supply of Battery Materials

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 third quarter of fiscal year 2021. Highlights of the third quarter 2021 and subsequent events: In advanced stages of negotiations with two leading global companies to sign conditional offtake agreements representing more than 50 GWh of estimated potential cumulative demand In negotiations wit

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