FREYR Battery Appoints Executive to Lead Global Corporate Development and U.S. Execution
December 23 2022 - 6:01AM
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.
“Our Giga America phased development is accelerating, catalyzed
by the Inflation Reduction Act, and based on the Giga Arctic
blueprint for a world leading Gigafactory in Coweta Country,
Georgia. In parallel, FREYR is also significantly expanding its
strategic ecosystem of technologies, customers, and industrial
scaling partners. For this important phase of FREYR’s development
in the U.S. and globally, we need seasoned leaders like Jeremy with
deep expertise in innovation, business development and strategy,”
said Tom Einar Jensen, Co-Founder and CEO, FREYR.
Jeremy Bezdek comes from the position of Managing
Director, Strategic Platforms at Koch Industries. Prior to joining
FREYR, Jeremy spent over 26 years with Koch Industries companies in
a variety of executive and leadership roles. A seasoned expert in
the energy sector, Jeremy has led Flint Hills Resources Biofuels
and Ingredients business and Innovation and M&A team. Under his
leadership, the team was very active in acquisitions and joint
ventures, as well as making multiple investments in early-stage
development companies related to refining, biofuels and chemicals
industries. In his most recent role as managing director of Koch
Strategic Platforms (KSP), Jeremy has lead investments as part of
KSP’s energy transformation vertical and served on the board of
several energy transition companies. Jeremy graduated from the
University of Kansas and currently resides in Kansas.
“As a Board Director for FREYR, I have been a witness to the
company’s incredible development so far, and now as part of the
executive team, I get to play a role in driving that development in
an operational capacity. This is an exciting time to be at the
heart of the battery industry, as we are on the precipice of a
monumental shift, one that I believe will forever change our energy
systems and position batteries as an essential part of ensuring a
stable supply of power to our world’s population,” says Bezdek.
FREYR recently announced the selection and purchase of a site in
Coweta County, Georgia for multi-phase Giga America clean battery
manufacturing project. Giga America positions FREYR to meet the
growing demand for energy storage systems (ESS) with U.S.-based
conditional offtake partners. FREYR is also evaluating clean power
supply solutions for Giga America with utility providers in the
region, including the potential development of a dedicated solar
plus storage facility. Upon completion of all the contemplated
construction phases, the Giga America complex is expected to be one
of the largest battery cell manufacturing developments
globally.
FREYR has also previously announced the opening of its
technology center in Boston, in close proximity to FREYR’s
technology partner 24M, enhancing technology development,
collaboration, personnel development, and strategic
coordination.
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
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 FREYR’s ability to meet the growing demand for
energy storage systems with U.S.-based conditional offtake
partners, the potential development of a dedicated solar plus
storage facility for Giga America, and the expectation of the Giga
America complex to be one of the largest battery cell manufacturing
developments globally 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-3 filed with the Securities and
Exchange Commission (the “SEC”) on September 1, 2022, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221223005027/en/
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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