FREYR Battery Sanctions Construction Of Its Inaugural Gigafactory [TheStreet.com]
FREYR Battery, Inc. (FREY)
Company Research
Source: TheStreet.com
FREYR Battery ( ) ("FREYR"), a developer of clean, next-generation battery cell production capacity, announced today that the company's Board of Directors ("The Board") has approved the expansion of the planned Giga Arctic project under development in Mo i Rana, Norway, to an annual nameplate capacity of 29 GWh. FREYR's Board of Directors has also approved the construction of Giga Arctic. The approval follows substantial completion of detailed plant engineering; the establishment of procurement frameworks with key raw material and capital equipment suppliers; and the announcements of conditional offtake agreements totaling more than 125 GWh from the planned start of production in 1H-2024 through 2030. Groundworks at the site are well advanced and the company has recently started casting foundation structures. The Board's decision coincides with the announcement of a letter of intent indicating loans and/or guarantees of up to €400 million from Eksfin, Norway's export credit agency ("
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FREY
News
- FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of DirectorsBusiness Wire
- Why Electric Vehicle and Affiliated Stocks Zoomed Higher Today [Yahoo! Finance]Yahoo! Finance
- The Nordic's Next Frontier: Powering Up Green Scaleups For Hypergrowth [Forbes]Forbes
- FREYR Battery: Why I Am Bearish [Seeking Alpha]Seeking Alpha
FREY
Earnings
- 2/29/24 - Beat
FREY
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- 4/18/24 - Form 8-K
- FREY's page on the SEC website