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FREYR Battery Announces Filing of 2022 Annual Report on Form 10-K

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FREYR Battery (NYSE: FREY) has filed its 2022 Annual Report on Form 10-K with the SEC, detailing its operations for the year ending December 31, 2022. The report and the accompanying audited financial statements can be accessed via the SEC's website or FREYR's corporate site. The company is focused on developing clean battery solutions to help reduce global emissions and is building a factory in Mo i Rana, Norway, with plans for additional production in the U.S. and Finland. FREYR targets a minimum of 50 GWh of battery cell capacity by 2025, with ambitious plans to increase to 200 GWh by 2030.

Positive
  • FREYR aims for 50 GWh battery cell capacity by 2025.
  • Plans to build factories in Norway, the U.S., and Finland.
  • Long-term target of over 200 GWh annual capacity by 2030.
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  • None.

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)-- FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today filed its 2022 Annual Report on Form 10-K for the year ended December 31, 2022 (the "2022 Form 10-K") with the U.S. Securities and Exchange Commission (“SEC”), which can be downloaded from the SEC's website (http://www.sec.gov). Our 2022 Form 10-K is also available on our corporate website (https://ir.freyrbattery.com/Financials/sec-filings/default.aspx). Hard copies of our complete 2022 Form 10-K, which includes our audited financial statements, can be ordered, free of charge, by contacting the Company.

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 the U.S. and Vaasa, Finland. FREYR intends to deliver a minimum of 50 GWh of battery cell capacity by 2025, over 100 GWh of annual capacity by 2028, and over 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com.

Investor contact:

Jeffrey Spittel

Vice President, Investor Relations

jeffrey.spittel@freyrbattery.com

Tel: (+1) 281-222-0161

Media contact:

Katrin Berntsen

Vice President, Communication

katrin.berntsen@freyrbattery.com

Tel: (+47) 920 54 570

Source: FREYR Battery

FAQ

When did FREYR Battery file its 2022 Annual Report?

FREYR Battery filed its 2022 Annual Report on Form 10-K with the SEC for the year ending December 31, 2022.

Where can I access FREYR Battery's 2022 Form 10-K?

FREYR Battery's 2022 Form 10-K can be downloaded from the SEC's website or FREYR's corporate website.

What is FREYR Battery's production capacity goal for 2025?

FREYR Battery aims to achieve a minimum of 50 GWh of battery cell capacity by 2025.

How much battery cell capacity does FREYR plan to have by 2030?

FREYR plans to exceed 200 GWh of annual battery cell capacity by 2030.

FREYR Battery, Inc.

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