Freyr Battery Inc is a company focused on the development and production of sustainable battery technology, particularly for electric vehicles and energy storage solutions
The company aims to innovate within the battery manufacturing sector by utilizing environmentally friendly processes and materials. Freyr is committed to advancing the transition to clean energy through the promotion of high-performance, cost-effective battery systems that support a decarbonized future. Its operations encompass the entire battery supply chain, from raw material sourcing to production and recycling, emphasizing sustainability and efficiency.
FREYR Battery (NYSEFREY) shares up on completing Trina Solar acquisition worth $340M. Expects full production by 2025, targeting annual EBITDA of $650M-$700M
FREYR Battery (NYSEFREY) (“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 Solar”) in accordance with the previously communicated timeline.
The hottest markets following the Fed's 25 basis point rate cut weren't big tech but the small caps, confirming the sector rotation which began over the summer.
PALM BEACH, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The space battery market is expanding swiftly as improved batteries meet the high-demand needs of space missions with superior energy density, safety, and lightweight performance. The progress of orbital and space exploration presents a substantial market potential for the space battery industry. The need for dependable energy storage solutions is at an all-time high due to increased exploration missions by governmental organizations like NASA and ESA, as well as ambitious projects by private companies such as SpaceX and Blue Origin. These groups are not just centered on sending satellites into orbit but also taking part in exploring the moon and Mars. As these efforts increase, the demand for space batteries that are both efficient and long-lasting, able to endure harsh conditions in outer space, becomes crucial. According to a recent industry report from Introspective Market Research, the Space Battery Market Size Was Valued at USD 3.66 Billion in 2023, and is Projected to Reach USD 6.56 Billion by 2032. The report said: “The market for space batteries is an exciting and quickly growing sector in the energy storage industry, set to be crucial in upcoming space exploration endeavors. Fueled by a rise in space missions from government agencies and private companies, this market is seeing unparalleled expansion. Space batteries are customized to endure harsh environments, ensuring a consistent, lasting energy supply for spacecraft like satellites, rovers, and space stations. Due to advancements in lithium-ion and solid-state technologies, these batteries now possess greater energy densities and extended service lives, rendering them better equipped to handle the demanding requirements of space exploration.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), FREYR Battery NYSE: FREYNYSEFREY)(NASDAQ: RUNNASDAQRUN, Tesla, Inc. (NASDAQ: TSLANASDAQ), Sidus Space (NASDAQ: SIDUSIDU).
FREYR Battery acquires Trina Solar's U.S. solar manufacturing assets for $340M. Multi-phase strategy to establish vertically integrated presence and projected EBITDA of $75M-125M in 2025.
FREYR Battery, Inc. (NYSEFREY) (“FREYR” or the “Company”), a developer of sustainable clean energy capacity and solutions, today reported financial results for the third quarter of 2024.
FREYR Battery (NYSEFREY) (“FREYR” or the “Company”) has announced that the Company has entered into an agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599) (“Trina Solar”). The transaction is subject to certain customary conditions precedent, including receipt of certain third-party consents, completion of the preferred stock issuance to Encompass Capital Advisors LLC and internal reorganization to be completed by Trina Solar and is expected to close around year end 2024.
FREYR Battery, Inc. (NYSEFREY) (“FREYR” or the “Company”), a developer of sustainable battery and clean energy solutions, confirmed this morning that the European Union Innovation Fund (“EUIF”) has selected FREYR for a €122 million grant award to develop the Company’s potential joint venture Cathode Active Material (“CAM”) manufacturing project in Vaasa, Finland.
Stocks closed the week higher on the near certainty that the Fed will cut interest rates in September, but in the short term, all eyes are on NVDA earnings
FREYR Battery, Inc. (NYSEFREY) (“FREYR” or the “Company”), a developer of sustainable, next-generation battery solutions, today reported financial results for the second quarter of 2024.
FREYR Battery (NYSEFREY) (“FREYR”), a developer of next-generation battery cell production capacity, will publish a press release detailing second quarter 2024 results and conduct a conference call on August 9, 2024.
FREYR Battery Inc (NYSEFREY) shares are trading higher. The company on Monday provided an operations update for its Customer Qualification Plant in Norway, noting that it achieved its most significant technical milestone to date by producing unit cells in a continuous process with its Casting and Unit Cell Assembly machine.
FREYR Battery (NYSEFREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the Company’s operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway.
FREYR Battery (NYSEFREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Co-Founder and current Chairperson of the Board of Directors (the “Board”) Tom Jensen as Chief Executive Officer. Current Director Daniel Barcelo has been appointed the next Chair of the Board. Additionally, Evan Calio has been appointed as the Company’s new CFO.
