Who is Freyr battery?

FREYR Battery is a developer of clean, next-generation battery technology production capacity. The Company’s mission is to accelerate the decarbonization of global energy and transportation systems by producing clean, cost-competitive batteries.

Is Freyr battery a vertically integrated company?

FREYR Battery, Inc. (NYSE: FREY) recently announced a strategic pivot from producing battery cells to producing solar modules, having the ambition to become a vertically integrated company also producing solar cells in the U.S. It will achieve this by acquiring the U.S. assets of Chinese solar panel manufacturer Trina.

When will Freyr charge its first battery unit cells?

FREYR has assembled and successfully charged its first battery unit cells at the company’s Customer Qualification Plant (“CQP”) and is on schedule to ramp process automation, production, and testing of chargeable cells in H2 2023 and beyond.

Could Freyr become a global battery powerhouse?

Freyr, a struggling Norwegian startup hoping to become a global battery powerhouse using a highly automated cell production system, got shareholder approval to become a U.S. company by the end of 2023, which will help it seek federal incentives for clean energy projects.

Where are Freyr batteries made?

FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. 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.

Where is Freyr based?

FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in the United States and Vaasa, Finland. 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.