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FREYR BATTERY

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  1. Klaas Vaak 14 november 2022 09:42
    FREYR Battery SA is a Luxembourg-based company, which develops batteries and battery cells. The Company specializes in the production of materials required for battery cell manufacturing. It also sale batteries and battery cells into markets, which includes electric mobility, energy storage systems as well as marine and aviation applications.

    FREYR offers a clean Nordic solution to the rapidly growing global demand for high-density and cost-competitive battery cells for stationary energy storage (ESS), electric mobility, and marine applications.

    We are targeting the production of environmentally friendly battery cells through a business model intended to maximize long-term value creation and unlock sustainable, superior returns to our stakeholders.

    FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally.

    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.

    www.freyrbattery.com/
  2. forum rang 8 Succes 14 november 2022 19:47
    Helaas te vroeg uitgestapt ... begin van het jaar een positie gehad en leuke winst gemaakt.
    Maar is echter als SPAC begonnen en ik was toch wat huiverig!

    Lijkt echter een goede toekomst tegemoet te gaan (samenwerking met oa Siemans en Honeywell) en fabrieken gepland in zowel Noorwegen (2024), Zweden als Amerika.

    Vandaag +10%, mss bij een dip toch weer een paar aanschaffen!

    -----------

    NEW YORK & OSLO, Norway & LUXEMBOURG, November 14, 2022--(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.

    Highlights of the third quarter 2022 and subsequent events:

    > On November 11th, FREYR announced the selection and purchase of the site for the company’s Giga America clean battery manufacturing project in Coweta County, Georgia. The project is expected to be developed in multiple phases beginning with an initial battery cell production module of approximately 34 GWh at a preliminarily estimated capital investment of $1.7 billion. Giga America is supported by a combined state and local incentive package of more than $410 million over the multiple phase life of the project.

    > In August 2022, FREYR executed a joint venture agreement with Nidec Corporation (TSE: 6594) ("Nidec"), which included complete terms for a follow-on sales agreement, to supply 38 GWh of LFP Li-Ion battery cells from 2025 - 2030, with options to increase the volume to 50 GWh and to extend the contract beyond 2030. The joint venture will combine FREYR’s clean, next-generation battery cells with Nidec’s expertise as a global leader in the ESS business and will produce modules and packs and generate integrated downstream ESS solutions for industrial and utility grade customers.

    > During the third quarter, a package of 24M Technologies ("24M") sample cells was sent to a leading laboratory for testing on behalf of a customer. The sample cells exhibited top quartile energy density performance for LFP graphite batteries and demonstrated very strong safety characteristics.

    > In October, FREYR announced a supply chain partnership with ITOCHU Corporation (TSE: 8001) under which ITOCHU will serve as a direct materials supplier for FREYR’s procurement and supply chain operations. The partners intend to establish decarbonized and localized supply chains as FREYR develops its Giga-scale clean battery production.

    > FREYR announced a license and services agreement with Aleees (TWSE: 5227) in October. 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 build production facilities leveraging Aleees’ industrial expertise.

    "We are excited with the progress FREYR demonstrated to support our industrialization plan during and subsequent to the third quarter, which included the start of our Giga America project development, securing our first binding long-term sales agreement with Nidec, and completing the initial stage of the project financing process for Giga Arctic" remarked Tom Einar Jensen, FREYR’s Co-Founder and CEO. "With the selection and purchase of the Giga America site now concluded, FREYR is moving rapidly and decisively to advance our strategic goal to become an industrialization partner of choice in the clean battery space on both sides of the Atlantic."

    "Looking through to the fourth quarter and 2023, our team is focused on meeting the key milestones that will further validate the 24M platform, unlock project financing for Giga Arctic, enable strategic capital formation, drive additional sales agreements, and facilitate accelerated development of Giga America," concluded Jensen.

    ...

    finance.yahoo.com/news/freyr-battery-...
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