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.

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With climate change and geopolitical flashpoints converging this year, it may be time for investors to consider the top battery stock picks for 2023. While the process may take longer than many analysts anticipate, at some point, the future of mobility and energy infrastructures will depend on advanced battery technologies.

Our 7 Top Battery Stock Picks for 2023

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 Tor Stendahl as Managing Director for FREYR Battery Finland Oy.

FREYR Battery Strengthens Presence in Finland with New Executive Hire

NEW YORK & OSLO, Norway & LUXEMBOURG--( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Nidec Corporation (TSE: 6594) (“Nidec”), a globally leading producer of high-efficiency electric motors and a leader in the energy storage systems (“ESS”) space, have announced that they have established a downstream joint venture, now called Nidec Energy AS (“Nidec Energy”).

FREYR Battery and Nidec Corporation Complete Formation of Joint Venture

NEW YORK & OSLO & LUXEMBOURG--( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the closing of an underwritten public offering of 23,000,000 of its Ordinary Shares without nominal value, including the green shoe option that was exercised in full by the underwriters on December 1, 2022, at a public offering price of $11.50 per share before underwriting discounts. The gross proceeds from the offering, including the green shoe option, were approximately $264,500,000. The offering closed on December 5, 2022.

FREYR Battery Announces Closing of $264,500,000 Public Offering of Ordinary Shares

Freyr Battery (NYSE: FREY ) is falling today on news of a new ordinary share offering. The electric vehicle (EV) battery and energy systems innovator has confirmed plans to issue 13,500,000 ordinary shares through an unwritten registered public offering.

Why Is Freyr Battery (FREY) Stock Down 10% Today?

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 pricing of its upsized underwritten public offering of 20,000,000 of its Ordinary Shares, without nominal value. Each Ordinary Share is being offered at a public offering price of $11.50 per share, less underwriting discounts and commissions. The gross proceeds to FREYR from the offering, before deducting the underwriting discounts and commissions and offering expenses payable by FREYR, are expected to be $230,000,000. FREYR has granted the underwriters a 30-day option to purchase up to 3,000,000 additional Ordinary Shares at the price to the public, less underwriting discounts and commissions.

FREYR Battery Announces Pricing of Upsized $230,000,000 Public Offering of Ordinary Shares

NEW YORK & OSLO, Norway & LUXEMBOURG--( BUSINESS WIRE )--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced that it plans to make a public offering of 13,500,000 of its Ordinary Shares, without nominal value, in an underwritten registered public offering. FREYR expects to grant the underwriters a 30-day option to purchase up to 2,025,000 additional Ordinary Shares as part of this offering.

FREYR Battery Announces Public Offering of 13,500,000 Ordinary Shares

Freyr Battery is an exception among the once-hot special-purpose-acquisition-company mergers of the past few years. The battery start-up has raced ahead with production plans and deals.

How a Hot Norwegian Battery Start-Up Beat the SPAC Deep Freeze

FREYR is seeing strong traction with 130 GWh of off-take agreements, both conditional and firm, with a focus on converting conditional off-take agreements to firm off-take agreements. The management continues to work towards and is in advanced discussions to potentially bring in an off-take agreement for the electric mobility segment.

FREYR Battery: Undiscovered Battery Player Rising Above The Rest

FREYR Battery (NYSE:FREY ) Q3 2022 Earnings Conference Call November 14, 2022 7:30 AM ET Company Participants Jeff Spittel - Vice President, Investor Relations Tom-Einar Jensen - Chief Executive Officer Jan Arve Haugan - Chief Operating Officer Oscar Brown - Chief Financial Officer Conference Call Participants Philipp Koenig - Goldman Sachs Maheep Mandloi - Credit Suisse Gabe Daoud - Cowen Operator Hello, everyone and thank you for joining the FREYR Battery Third Quarter 2022 Earnings Conference Call. My name is Daisy and I will be coordinating your call today.

FREYR Battery (FREY) Q3 2022 Earnings Call Transcript

The battery start-up reported a third quarter per share loss of 80 cents. Wall Street was looking for a 30 cent loss.

Battery Start-Up FREYR Posts Weak Earnings. Why Investors Aren't Disappointed.

FREYR Posts Weak Third Quarter Earnings. Why Investors Aren't Disappointed.

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 third quarter of 2022.

FREYR Battery Reports Third Quarter 2022 Results

FREY stock is a young battery startup. Analysts are bullish about the prospect for future Freyr earnings amid the clean-energy IRA.

FREY Stock Jumps As Battery Startup Selects U.S. Gigafactory Site With Earnings Due

One of 2022's breakout stocks may be destined for more growth in the coming year. Freyr Battery (NYSE: FREY ) has confirmed plans to begin building a new gigafactory in the U.S. The company has purchased property in Coweta County, Georgia, with plans to begin work on it within the next few months.

FREY Stock Alert: What to Know as Freyr Battery Announces New Georgia Gigafactory

FREYR Battery's (FREY) Q3 performance is likely to have witnessed a positive impact of the higher demand for its products. Meanwhile, increased expenses may have weighed down the company's earnings in the third quarter.

What's in the Cards for FREYR Battery (FREY) in Q3 Earnings?

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. 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.

FREYR Battery Announces Plans for U.S. Gigafactory in Georgia

FREYR Battery is on the cusp of using almost-free energy to produce energy storage systems. That energy would then be available as massive battery electric storage systems for residences, manufacturing, and sharing with other nations.

FREYR Battery: We Need What This Company Does

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 third quarter 2022 results and conduct a conference call on November 14, 2022.

FREYR Battery Announces Third 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 a new service agreement with ITOCHU Corporation (“ITOCHU”), the Japan-based global trading and import/export company.

FREYR Battery and ITOCHU Partner to Develop Materials Supply Chain

TAIPEI, TAIWAN / ACCESSWIRE / October 14, 2022 / Aleees (TWSE:5227), the Taiwan-based lithium-iron phosphate ("LFP") cathode battery material manufacturer has entered into an agreement with FREYR Battery (NYSE:FREY) a developer of clean, next-generation battery cell production capacity to produce LFP. Joseph Lin, Vice President of Aleees and Tom Einar Jensen, CEO of FREYR Battery.

Aleees Signs License and Service Agreement with FREYR Battery to Produce Active Cathode Material (LFP)

FREYR Battery is a pre-revenue company set to build gigafactories using cutting-edge battery tech in the coming years. As a SPAC acquisition, FREYR remains one of the rare businesses that is on track with previous expectations. That said, the hard parts still remain.

FREYR Battery: All That's Left Is Execution

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. The agreement, which includes ongoing services and support from Aleees, provides FREYR with a worldwide license to produce and sell LFP cathode material based on Aleees' technology, and to bu

FREYR Battery Signs License and Services Agreement with Aleees to Produce Active Cathode Material (LFP)

The lithium ion battery start-up is generating a lot of support on Wall Street.

Could Freyr Battery Become the Next Tesla?

Clean-tech battery maker Freyr is a success on several levels. It appears poised for gains as the company ramps up to better serve the electric vehicle market.

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