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.

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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.

Norway's Freyr opened a pilot factory this week to make lithium-ion cells with a new manufacturing process that it says can cut battery costs by 25%. Its goal is to begin high-volume production at large-scale plants in Norway and Georgia by 2025.

A Nordic Upstart Aims To Leapfrog Tesla And Other Battery Rivals With Lower-Cost, High-Tech Cell

Freyr Battery (NYSE: FREY ) stock is heating up today on news of an important strategic partnership. The company's news is that it has begun a discussion of a strategic coalition with four potential partners.

FREY Stock Alert: Freyr Battery Announces 4 Key Partners

On Tuesday, battery start-up FREYR announced a “strategic coalition” that could see the electrification of heavy construction equipment

Beyond Tesla, EV Batteries Could Take a Wider Role

Freyr Battery stock FREY, +1.26% is up by about 5% in premarket trades after it said it's starting talks on Tuesday with Siemens AG SIE, +1.12% , Nidec Corp. 6594, -1.00% , Caterpillar Inc. CAT, +0.46% and Glencore Plc GLEN, +1.61% to form a coalition agreement on battery production. “Strategic arenas of commercial collaboration include battery cell manufacturing; pack and module integration; digital and software services; mining and refining; power market stationary storage applications; electric transportation; and recycling/end-of-life solutions,” Freyr Battery said.

Freyr stock rises on plans to form battery coalition agreement with big players

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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 announced that the Company has entered into discussions on a potential strategic coalition with Glencore Plc (LN: GLEN), Caterpillar Inc. (NYSE: CAT), Siemens AG (GY: SIE), and Nidec Corporation (TSE: 6594) to pursue the scale up of sustainable battery solutions across Europe, North America, and beyond.

FREYR Battery Targets Strategic Coalition with Four Major Global Partners

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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 announced that the Company will host its ‘Chapter One' opening event at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway, on March 28th, 2023.

FREYR Battery Announces ‘Chapter One' Opening Event at Customer Qualification Plant in Mo i Rana, Norway

New York-listed Norwegian battery start-up Freyr is accelerating investment in a U.S. plant to benefit from Inflation Reduction Act (IRA) tax credits, its chief executive told Reuters this week.

Battery start-up Freyr accelerates U.S. plans on IRA support

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 filed its 2022 Annual Report on Form 10-K for the year ended December 31, 2022 (the "2022 Form 10-K") with the U.S. Securities and Exchange Commission (“SEC”), which can be downloaded from the SEC's website (http://www.sec.gov). Our 2022 Form 10-K is also available on our corporate website (https://ir.

FREYR Battery Announces Filing of 2022 Annual Report on Form 10-K

FREYR's CQP will be starting up in 1Q23 and the Giga Arctic project remains on schedule. FREYR is currently working with these other licensee partners of 24M's SemiSolid platform and are deepening relationships with these partners.

FREYR Battery: Powering Up Into A Winner In The Clean Battery Space

FREYR Battery (NYSE:FREY ) Q4 2022 Earnings Conference Call February 27, 2023 7:30 AM ET Company Participants Jeffrey Spittel - Vice President, Investor Relations Tom-Einar Jensen - Chief Executive Officer Jan Arve Haugan - Chief Operating Officer Jeremy Bezdek - EVP of Global Corp Development & President of FREYR Battery U.S Oscar Brown - Chief Financial Officer Conference Call Participants Gabe Daoud - Cowen Alex Rabell - Bank of America Philipp Koenig - Goldman Sachs Nili Eslah - Clarksons Securities Adam Jonas - Morgan Stanley Maheep Mandloi - Credit Suisse Gregory Lewis - BTIG Operator Welcome to the FREYR Battery Q4 2022 Earnings Conference Call. My name is Nadia, and I'll be coordinating the call today.

FREYR Battery (FREY) Q4 2022 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 fourth quarter and full year of 2022.

FREYR Battery Reports Fourth Quarter and Full Year 2022 Results

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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, will publish a press release detailing fourth quarter and full year 2022 results and conduct a conference call on February 27, 2023.

FREYR Battery Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Amsterdam, 31 January 202 3 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces its wholly owned subsidiary, AMG Lithium GmbH (“AMG Lithium”), has signed a non-binding memorandum of understanding (“MOU”) with FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity. The basis of the MOU is for AMG Lithium to supply FREYR between 3,000 to 5,000 tons per annum of battery-grade lithium hydroxide.

AMG Lithium Signs MOU with FREYR Battery for Supply of Battery-Grade Lithium Hydroxide

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FREYR Battery builds on its traction in storage with a first offtake agreement in the mobility space. With the cash position shored up post-raise, FREYR has sufficient runway to ramp up production in the coming years.

FREYR Battery: Encouraging Progress On The Path To Cell Production

NEW YORK & OSLO, Norway & LUXEMBOURG--( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced a conditional offtake agreement (“COA”) with Impact Clean Power Technology (“Impact”), a leading manufacturer of battery systems for transportation, industry and stationary energy storage for renewable energy sources, traditional power generation, rail, and telecommunications. Under the terms of the agreement, FREYR will supply 10 – 14 GWh of clean, next-generation battery cells based on the 24M Technologies, Inc. (“24M”) SemiSolidTM platform to Impact from 2025 – 2030.

FREYR Battery Signs First E-Mobility Offtake Agreement with Impact Clean Power Technology to Supply Up to 14 GWh of LFP Cells

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, has appointed Jason Forcier and Dr. Dan Steingart as independent members of the Company's Board of Directors effective December 21, 2022, and January 9, 2023, respectively. The appointments are intended to fill vacancies created by the departures of Jeremy Bezdek and Jon Christian Thaulow from FREYR's Board of Directors.

FREYR Battery Announces Appointments of Dan Steingart and Jason Forcier to Board of Directors

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NEW YORK & OSLO & LUXEMBOURG--( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) (“FREYR” or “the Company”), a developer of clean, next-generation battery cell production capacity, has announced the appointment of Jeremy Bezdek to the position of Executive Vice President of Global Corporate Development and President for FREYR Battery U.S.

FREYR Battery Appoints Executive to Lead Global Corporate Development and U.S. Execution

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News for Freyr Battery Inc Stock (FREY)