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FREYR Battery Inc

FREYR Battery Inc (FREY)

2.9999
0.4399
(17.18%)
At close: December 24 4:00PM
3.00
0.00
( 0.00% )
After Hours: 5:00PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
3.00
Bid
-
Ask
-
Volume
5,711,558
2.43 Day's Range 3.00
0.9104 52 Week Range 3.00
Market Cap
Previous Close
2.56
Open
2.60
Last Trade
65973
@
2.98
Last Trade Time
17:00:00
Financial Volume
$ 16,026,023
VWAP
2.8059
Average Volume (3m)
3,652,045
Shares Outstanding
140,490,406
Dividend Yield
-
PE Ratio
-5.82
Earnings Per Share (EPS)
-0.51
Revenue
-
Net Profit
-71.95M

About FREYR Battery Inc

FREYR Battery is an emerging producer of clean battery solutions for a better planet. It designs and manufactures high-density and cost-competitive lithium-ion batteries with a reduced carbon footprint for the global markets for electric mobility, stationary energy storage, marine and aviation appli... FREYR Battery is an emerging producer of clean battery solutions for a better planet. It designs and manufactures high-density and cost-competitive lithium-ion batteries with a reduced carbon footprint for the global markets for electric mobility, stationary energy storage, marine and aviation applications. Show more

Sector
Primary Batteries, Dry & Wet
Industry
Primary Batteries, Dry & Wet
Headquarters
Grand Duche Du, Lux
Founded
-
FREYR Battery Inc is listed in the Primary Batteries, Dry & Wet sector of the New York Stock Exchange with ticker FREY. The last closing price for FREYR Battery was $2.56. Over the last year, FREYR Battery shares have traded in a share price range of $ 0.9104 to $ 3.00.

FREYR Battery currently has 140,490,406 shares outstanding. The market capitalization of FREYR Battery is $359.66 million. FREYR Battery has a price to earnings ratio (PE ratio) of -5.82.

FREYR Battery (FREY) Options Flow Summary

Overall Flow

Bullish

Net Premium

127k

Calls / Puts

100.00%

Buys / Sells

100.00%

OTM / ITM

0.00%

Sweeps Ratio

0.00%

FREY Latest News

FREYR Battery Closes Transformative Acquisition of Trina Solar’s U.S. Manufacturing Assets

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) today announced the closing of the Company’s acquisition of the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599) (“Trina...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.2773.41040462431.7331.6655204602.1408758CS
40.836.36363636362.231.55528230201.990529CS
122200130.93336520451.88554017CS
261.2672.41379310341.7430.910424291211.73782347CS
521.157.89473684211.930.910420902471.77859825CS
156-8.54-74.003466204511.5416.940.910421747216.31740502CS
260-6.45-68.2539682549.4516.940.910420278186.62389983CS

FREY - Frequently Asked Questions (FAQ)

What is the current FREYR Battery share price?
The current share price of FREYR Battery is $ 3.00
How many FREYR Battery shares are in issue?
FREYR Battery has 140,490,406 shares in issue
What is the market cap of FREYR Battery?
The market capitalisation of FREYR Battery is USD 359.66M
What is the 1 year trading range for FREYR Battery share price?
FREYR Battery has traded in the range of $ 0.9104 to $ 3.00 during the past year
What is the PE ratio of FREYR Battery?
The price to earnings ratio of FREYR Battery is -5.82
What is the reporting currency for FREYR Battery?
FREYR Battery reports financial results in USD
What is the latest annual profit for FREYR Battery?
The latest annual profit of FREYR Battery is USD -71.95M
What is the registered address of FREYR Battery?
The registered address for FREYR Battery is 22-24, BOULEVARD ROYAL, GRAND DUCHE DU, L-2449
What is the FREYR Battery website address?
The website address for FREYR Battery is www.freyrbattery.com
Which industry sector does FREYR Battery operate in?
FREYR Battery operates in the PRIMARY BATTERIES, DRY & WET sector

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FREY Discussion

View Posts
georgie18 georgie18 6 hours ago
FREY...$3.00...🥳on News...Off my $1.58....Alert...

georgie18

Member Level
Re: georgie18 post# 668638

Tuesday, December 24, 2024 8:40:31 AM

Post#
668681
of 668776
FREY...$2.66...🥳... News..https://www.businesswire.com/news/home/20241224327270/en

FREY...$2.56...🥳...on the Upper Bollie Breakout...Off my $1.58Alert...

georgie18

Member Level
Re: georgie18 post# 668183

Monday, December 23, 2024 9:42:56 AM

Post#
668565
of 668637
FREY...$2.36s clearing here off my $1.58 Alert...🥳

georgie18

Member Level
Re: georgie18 post# 54

Wednesday, December 18, 2024 1:47:20 PM

Post#
55
of 57
FREY...$2.15...HOD...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 668117

Wednesday, December 18, 2024 1:20:24 PM

Post#
668172
of 668182
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 11 hours ago
FREY...$2.66...🥳... News..https://www.businesswire.com/news/home/20241224327270/en

FREY...$2.56...🥳...on the Upper Bollie Breakout...Off my $1.58Alert...

georgie18

Member Level
Re: georgie18 post# 668183

Monday, December 23, 2024 9:42:56 AM

Post#
668565
of 668637
FREY...$2.36s clearing here off my $1.58 Alert...🥳

georgie18

Member Level
Re: georgie18 post# 54

Wednesday, December 18, 2024 1:47:20 PM

Post#
55
of 57
FREY...$2.15...HOD...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 668117

Wednesday, December 18, 2024 1:20:24 PM

Post#
668172
of 668182
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
glenn1919 glenn1919 11 hours ago
FREY.......................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 22 hours ago
FREY.............................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
georgie18 georgie18 1 day ago
FREY...$2.56...🥳...on the Upper Bollie Breakout...Off my $1.58Alert...

georgie18

Member Level
Re: georgie18 post# 668183

Monday, December 23, 2024 9:42:56 AM

Post#
668565
of 668637
FREY...$2.36s clearing here off my $1.58 Alert...🥳

georgie18

Member Level
Re: georgie18 post# 54

Wednesday, December 18, 2024 1:47:20 PM

Post#
55
of 57
FREY...$2.15...HOD...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 668117

Wednesday, December 18, 2024 1:20:24 PM

Post#
668172
of 668182
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 1 day ago
FREY...$2.36s clearing here off my $1.58 Alert...🥳

georgie18

Member Level
Re: georgie18 post# 54

Wednesday, December 18, 2024 1:47:20 PM

Post#
55
of 57
FREY...$2.15...HOD...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 668117

Wednesday, December 18, 2024 1:20:24 PM

Post#
668172
of 668182
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
glenn1919 glenn1919 1 day ago
FREY.........................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 4 days ago
frey..................https://stockcharts.com/h-sc/ui?s=frey&p=W&b=5&g=0&id=p86431144783
👍️0
georgie18 georgie18 6 days ago
FREY...$2.15...HOD...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 668117

Wednesday, December 18, 2024 1:20:24 PM

Post#
668172
of 668182
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 6 days ago
FREY...$2.08...🥳...on the Bullish Psar Flip...Off my n$1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 52

Wednesday, December 18, 2024 10:50:34 AM

Post#
53
of 53
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 6 days ago
FREY...$1.91...🥳...Break/Hold $1.98 and she sees $2.50 Range...imo...we shall see...

georgie18

Member Level
Re: georgie18 post# 667924

Wednesday, December 18, 2024 9:56:13 AM

Post#
668097
of 668115
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 6 days ago
FREY...$1.81...🥳...Off the $1.58 Alert...

georgie18

Member Level
Re: georgie18 post# 50

Tuesday, December 17, 2024 8:22:03 AM

Post#
51
of 51
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 1 week ago
FREY...$1.71...🥳off the $1.58 Alert...

georgie18

Member Level
Re: None

Monday, December 16, 2024 2:44:22 PM

Post#
667893
of 667923
FREY...$1.58...🥳...Buying the space sector...
👍️0
georgie18 georgie18 1 week ago
FREY...$1.58...🥳...Buying the space sector...
👍️0
glenn1919 glenn1919 1 month ago
FREY...................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 1 month ago
FREY...............................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 1 month ago
FREY..........................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️ 1
glenn1919 glenn1919 2 months ago
FREY.................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 2 months ago
FREY...............................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 2 months ago
FREY...............................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
Monksdream Monksdream 3 months ago
FREY new 52+week low
👍️0
Monksdream Monksdream 4 months ago
FREY new 52 low
👍️0
Monksdream Monksdream 4 months ago
FREY new 52/low
👍️0
glenn1919 glenn1919 7 months ago
FREY..................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 8 months ago
FREY...........................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 9 months ago
FREY.............................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 10 months ago
FREY.............................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 10 months ago
FREY...............................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 10 months ago
FREY................................https://stockcharts.com/h-sc/ui?s=FREY&p=W&b=5&g=0&id=p86431144783
👍️0
Monksdream Monksdream 11 months ago
FREY new 52 week low
👍️0
Monksdream Monksdream 11 months ago
FREY new 52 week low
👍️0
crudeoil24 crudeoil24 1 year ago
Agree ..... Definitely a pos. Just day trading !
👍️0
snow snow 1 year ago
crudeoile24 "Konig noted that Freyr already has Giga Arctic, which he said is "set to be most capital efficient and sustainable gigafactory in the world." The factory is located in Norway, which Konig said is a strategic location that "offers access to the most cost competitive and sustainable energy sources globally." "

As a Norwegian living in Norway I would like to state that the gigafactory referred to in my view is so much wishful thinking. Biden has chosen to subsidize this business by a lot of dollars. For the gigafactory to be competitive the Norwegian government would have to do the same. It is not likely that it will be that stupid. The plunging stock price is in my view realistic since prospect are now dim rather than glittering.
👍️0
Monksdream Monksdream 1 year ago
FREY new week low
👍️0
Monksdream Monksdream 1 year ago
FREY new 52 week low
👍️0
Monksdream Monksdream 1 year ago
FREY new 52 week low
👍️0
BottomBounce BottomBounce 1 year ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172708921 $FREY
👍️0
PowerPlay1 PowerPlay1 1 year ago
The 5 analysts offering 12-month price forecasts for FREYR Battery SA have a median target of 15.00, with a high estimate of 20.00 and a low estimate of 13.00. The median estimate represents a +113.83% increase from the last price of 7.02.
👍️0
realfast95 realfast95 2 years ago
REPORT: Freyr among interested bidders for Britishvolt $FREY
👍️0
realfast95 realfast95 2 years ago
Recording from 1/4 Mike Taylor on Hedgeye
at time mark 47 he talks about $FREY

https://app.hedgeye.com/insights/126937-how-to-identify-longs-shorts-frauds-mike-taylor-keith-mcculloug?type=guest-interviews%2Cmarket-insights
👍️0
KOGT KOGT 2 years ago
Looks like those shares are getting gobbled up fast$$$$
👍️0
Glider549 Glider549 2 years ago
Thanks for the info.
I joined the club this morning and happy I did.
Speaking of vehicle related stocks, I also joined the $SOBR club at the same time.
Two winners for the long term.
👍️0
crudeoil24 crudeoil24 2 years ago
Morgan Stanley, 'bull case' at $60 > FREY > September 21, 2022 (MarketWatch)

The time is "ripe" for Norwegian battery maker Freyr Battery , Morgan Stanley analysts led by Adam Jonas said in a note Wednesday, increasing their price target on the stock to $26 and setting a "bull case" to $60, which would represent an upside of nearly 300% over Tuesday's share price. "The environment is becoming ripe for FREY to become a real player in the global battery economy later this decade," with Freyr inking important agreements and hitting operational milestones and also benefiting from the U.S.'s Inflation Reduction Act, the analysts said. Moreover, Freyr is one of the few publicly traded pure plays in the energy storage systems universe, they said. The analysts kept their rating on Freyr at the equivalent of buy. The stock has gained more than 30% so far this year, contrasting with losses of nearly 19% for the S&P 500 index.

-Claudia Assis


(END) Dow Jones Newswires
👍️0
crudeoil24 crudeoil24 2 years ago
A Tesla Bull Has a New Top Pick. It's a Battery Start-Up. -- Barrons.com
8:49 am ET September 21, 2022 (Dow Jones) Print
Al Root
Stock in Norwegian battery start-up FREYR Battery is getting a boost from a new bullish call from a Wall Street automotive analyst.

Wednesday, Morgan Stanley analyst Adam Jonas raised his stock-price target for FREYR (ticker: FREY) to $26 from $18 a share and named the company his top pick. He had rated the stock at Buy even before his latest call.

FREYR stock gained more than 5% in premarket trading. Futures on the S&P 500 and Dow Jones Industrial Average were up 0.2% and 0.3%, respectively.

FREYR is focusing on producing rechargeable lithium-ion batteries for the electric-vehicle and energy-storage markets. Jonas sees a lot going right for the company.

To begin with, there is a new battery plant coming in Norway called Giga Arctic that will have the capacity to manufacture about 29 gigawatt hours of battery capacity annually. That is enough to power roughly half a million EVs a year.

The company also has entered into a partnership with Hana Technology, which makes equipment used in battery production. And it has signed a deal with Nidec (6594.Japan) for the maker of electric motors to buy FREYR battery cells.

FREYR can move from being "a small Norwegian battery start-up" to a serious battery player later in the decade, wrote Jonas in a research report.

FREYR replaces Ferrari (RACE) as Jonas's top pick. He still rates the auto manufacturer's shares at Buy and has a $300 price target for that stock. Jonas also rates Tesla (TSLA) shares at Buy, with a target of $383 for the price.

Seven of eight, or 88%, of the analysts covering FREYR stock rate the shares at Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 58%.

FREYR, of course, isn't in the S&P 500 because it is too small. The company isn't expected to generate significant sales for years.

At Jonas's target price of $26, FREYR would have a market capitalization of roughly $3 billion. The average analyst price target is just under $21 a share, but that is still about 59% above recent levels.

Coming into Wednesday trading, FREYR stock is up about 18% so far this year, boosted by the passage of the Inflation Reduction Act, which has helped a lot of renewable and energy-storage stocks. The shares have gained more than 50% since the July announcement of the surprise agreement between Sens. Chuck Schumer and Joe Manchin that allowed the legislation to pass the Senate.

Write to Al Root at allen.root@dowjones.com


(END) Dow Jones Newswires
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crudeoil24 crudeoil24 2 years ago
Nidec's annual sales were 1.9 trillion Japanese yen in March 2022, and the company is aiming for 4 trillion Japanese yen by March 2026. Under its Corporate Slogan, "All for Dreams", Nidec is challenging to expand the promising ESS market strategically to contribute to the realization of a carbon-neutral society. To learn more about Nidec, please visit www.nidec.com/en/
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crudeoil24 crudeoil24 2 years ago
Freyr Battery Stock Climbs. Goldman Sees an Inflation Reduction Act Winner. -- Barrons.com
3:52 pm ET August 25, 2022 (Dow Jones) Print
By Angela Palumbo
Add one more company to the list of those that stand to benefit from the Inflation Reduction Act: Freyr Battery.

Goldman Sachs analyst Philipp Konig upgraded his rating of the lithium-ion battery maker to Buy from Neutral, lifting his 12-month target for the stock price to $19 from $11. Konig cited benefits from the new law, which includes various incentives to encourage the use of green technology, a partnership to build a new factory, and the performance of Freyr's (ticker: FREY) existing plant in Norway.

Konig wrote in his research note that Freyr is planning to build a factory in the U.S. together with investment partner Koch Strategic Platforms. Production is set to start in 2025.

"Looking at the different sections of the IRA, we see strong benefits for both the supply and demand of lithium-ion batteries," Konig said, referring to the climate bill President Joe Biden signed into law earlier this month. The legislation includes a range of tax credits and rebates to encourage households to buy and use clean energy, including owning electric vehicles.

Konig noted that Freyr already has Giga Arctic, which he said is "set to be most capital efficient and sustainable gigafactory in the world." The factory is located in Norway, which Konig said is a strategic location that "offers access to the most cost competitive and sustainable energy sources globally."

Shares for Freyr soared 17% Thursday to $12.39. The stock has climbed 11% in 2022.

Other clean-energy stocks, specifically those in the solar-energy space such as First Solar (FSLR) and Array Technologies (ARRY), have also benefited from the Inflation Reduction Act.

Write to Angela Palumbo at angela.palumbo@dowjones.com


(END) Dow Jones Newswires
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crudeoil24 crudeoil24 2 years ago
Let's go FREY !!!!!
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crudeoil24 crudeoil24 2 years ago
FREY is all about solutions. Too many issues/headaches. Look to FREY to solve the myriad of lithium battery questions.
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crudeoil24 crudeoil24 2 years ago
FREY is a great $$$$$ opportunity.
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crudeoil24 crudeoil24 2 years ago
FREYR Battery Enters Strategic Partnership with Hana Technology
5:59 am ET August 24, 2022 (BusinessWire) Print
FREYR Battery (NYSE: FREY) ("FREYR" or the "company"), a developer of clean, next-generation battery cell production capacity, has awarded a strategic alliance frame agreement to South Korea-based Hana Technology Co. Ltd ("Hana Technology"). Together, the two companies will jointly develop equipment and automation solutions for FREYR's Customer Qualification Plant ("CQP") in Mo i Rana, Norway, as well as for FREYR's planned Gigafactories.

Hana Technology develops precision automation solutions for battery facilities and other industrial operations. This strategic alliance frame agreement will enable FREYR and Hana Technology to customize and co-develop solutions for the CQP, including joint development projects such as quality control equipment, aging time reductions, and artificial intelligence updates to systems to reduce waste.

"We selected Hana Technology due to their proven track record with major Korean battery manufacturers. We also experienced, as part of our tender process, that they have the best technical solution to meet our needs for clean battery cell production. We aim to collaborate and co-create with them, ensuring that we move with speed and scale quickly, and make strides towards our goal to become one of the most sustainable battery producers in the world," says Tom Einar Jensen, CEO for FREYR.

Hana Technology is a pre-qualified vendor of 24M Technologies, Inc. ("24M"), the maker of the 24M SemiSolid(TM) production platform which enables lower-cost and more sustainable lithium-ion battery production. FREYR has licensed the 24M platform with the ambition to reduce the steps in the battery cell manufacturing process and subsequently reduce carbon emissions.

"FREYR's ambition to build sustainable and efficient battery production facilities is well aligned with our areas of expertise. By joining forces and co-creating technical solutions for their planned Gigafactories and for the FREYR CQP that is now underway, we aim to elevate the standards for clean, cost-efficient battery cell technology, moving fast together to meet the growing, global battery demand," says Insik Lee, Managing Director, Hana Technology.

As part of the strategic alliance frame agreement, Hana Technology will specifically support on areas including pouch assembly, formation and aging, inspection, grading, packaging, as well as scrap-discharge equipment for FREYR's Gigafactories. Hana Technology will also collaborate with FREYR to review, develop, and improve its technical documentation.

"Our bold ambitions require experienced partners, such as Hana Technology. We have secured three years of their expertise and capabilities through this agreement, with the option to extend if needed. This is yet another step towards securing the capacity we need as we head towards initial production - according to our timeline," adds Jensen.

About FREYR Battery

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. To learn more about FREYR, please visit www.freyrbattery.com

About Hana Technology

Hana Technology is one of the innovative companies for battery automation production equipment over 20 years in Korea.

Based on expertise of battery assembly equipment technology, we have broadened it to formation equipment as well. Hana Technology is focusing on expand capacity and core technology which make sure our client's production efficiency and quality battery production.

Hana Technology prioritize unique design solution, securing delivery and special maintenance so that our partner could ensure production schedule. Qualified reference in market with top tier battery manufacturer in the world could lead Hana Technology to next level in the state-of-the-art technology.

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the two companies' ability to jointly develop equipment and automation solutions for FREYR's CQP and planned Gigafactories; Hana Technology's ability to meet FREYR's needs for clean battery production; FREYR's ambition to become one of the most sustainable battery producers in the world; and the 24M platform's ability to reduce the steps in the battery cell manufacturing process and reduce carbon emissions are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR's control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the "Risk Factors" section in (i) FREYR's Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and (ii) FREYR's annual report on Form 10-K filed with the SEC on March 9, 2022, and available on the SEC's website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220824005352/en/

SOURCE: FREYR Battery



Investor contact:

Jeffrey Spittel
Vice President, Investor Relations
jeffrey.spittel@freyrbattery.com
Tel: (+1) 281-222-0161

Media contact:

Katrin Berntsen
Vice President, Communication and Public Affairs
katrin.berntsen@freyrbattery.com
Tel: (+47) 920 54 570
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