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FREYR Battery, Inc. - FREY STOCK NEWS

Welcome to our dedicated page for FREYR Battery news (Ticker: FREY), a resource for investors and traders seeking the latest updates and insights on FREYR Battery stock.

FREYR Battery, Inc. (symbol: FREY) is a forward-thinking company headquartered in Norway, dedicated to producing clean and sustainable battery solutions. As an emerging leader in the lithium-ion battery industry, FREYR Battery is developing a combined 32+2 GWh lithium-ion battery facility and a 600 MW onshore wind park in the Rana and Nesna municipalities in Norway. These projects highlight the company's commitment to leveraging renewable energy sources to power its operations.

The company's primary focus is to cater to the burgeoning electric vehicle (EV) market in Europe, aiming to provide high-density and cost-effective battery solutions with a reduced carbon footprint. In addition to EVs, FREYR Battery's products are designed for various applications, including marine, stationary energy storage, short-haul aviation, and offshore segments. The company collaborates with leading Norwegian and European institutions and companies through cluster-based R&D initiatives to innovate and enhance its product offerings.

FREYR Battery's strategic projects and partnerships underscore its commitment to sustainability and innovation. By combining renewable energy with advanced battery technology, the company is poised to contribute significantly to the global transition towards cleaner energy solutions.

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FREYR Battery (NYSE: FREY), a developer of next-generation clean battery cell production capacity, announced its participation in TD Cowen’s 2nd Annual Sustainability Week virtual conference. The event will take place on Wednesday, May 22, 2024. FREYR's Co-founder and Executive Chair, Tom Einar Jensen, will join a fireside chat at 3:45 pm EDT to discuss the company's advancements and industry trends.

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FREYR Battery, Inc. (NYSE: FREY) reported financial results for the first quarter of 2024. They are approaching a major milestone in unit cell production at the Customer Qualification Plant and accelerating pathways to generate revenues. The Company is strengthening its Board of Directors and focusing on the stationary storage market. FREYR continues to evaluate the Giga Arctic facility and is progressing with conventional cell production technology at Giga America. They are streamlining projects to accelerate market entry and pursuing two strategic agreements.

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FREYR Battery (NYSE: FREY) announces the release of its first quarter 2024 earnings results and conference call schedule on May 8, 2024. The press release will be issued at 6:00 am U.S. Daylight Time, followed by a conference call at 8:30 am Eastern Daylight Time.
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FREYR Battery appoints Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors, aiming to strengthen the company's growth and capital formation initiatives. The new members bring decades of relevant experience in the energy sector, institutional investing, public affairs, and government service.
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FREYR Battery, Inc. (NYSE: FREY) reported financial results for Q4 and full year 2023, highlighting successful trials at the Customer Qualification Plant, progress towards DOE Title 17 application, and the launch of FREYR 2.0 growth initiative.
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FREYR Battery (NYSE: FREY) has reached a major milestone by successfully conducting automated casting trials of electrodes with active electrolyte slurry at the Customer Qualification Plant in Norway. The company expects to make functional battery cells for customer samples using full automation of CQP in H1 2024. FREYR also expects to submit Part 2 of its Title 17 application to U.S. Department of Energy Loan Programs Office in Q1 2024. The year-end 2023 cash and equivalents balance of $275.7 million exceeds previous guidance of $250 million.
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FREYR Battery (NYSE: FREY) will release its fourth quarter and full-year 2023 results and host a conference call on February 29, 2024. The press release will be issued at 6:00 am U.S. Eastern Standard Time, with the conference call scheduled for 8:30 am EST. Access to the call will be provided through various dial-in numbers and a webcast link.
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FREYR Battery, Inc. (NYSE: FREY) completed its redomiciliation from Luxembourg to the United States, with trading of the FREYR Common Stock and Warrants commencing under the same symbols on the New York Stock Exchange. The move aims to enhance shareholder value over the long-term by simplifying corporate structure, streamlining reporting requirements, improving operational efficiencies, and positioning the company to better respond to global tax developments and U.S. incentive programs for battery manufacturers.
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FREYR Battery (NYSE: FREY) has received an invitation from the U.S. Department of Energy to submit the Part II loan application under the DOE Title 17 program for FREYR’s Giga America project. This is a crucial step in the company's capital formation strategy to fund the construction of the Giga America project. FREYR is also engaging with potential investors for project-level equity financing. The company's redomiciliation to the U.S. has been approved by shareholders, positioning FREYR as the U.S.-based industrialization partner for clean battery technology solutions.
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FREYR Battery (NYSE: FREY) announced the approval of all proposals at its Extraordinary General Meeting, paving the way for the company to redomicile from Luxembourg to the United States by year end 2023. The move is expected to enhance shareholder value and provide potential strategic opportunities and benefits. FREYR aims to become the first U.S. based scaling partner of choice for battery technology solutions, with Giga America under initial development in Coweta County, Georgia.
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FAQ

What is the current stock price of FREYR Battery (FREY)?

The current stock price of FREYR Battery (FREY) is $3.03 as of December 27, 2024.

What is the market cap of FREYR Battery (FREY)?

The market cap of FREYR Battery (FREY) is approximately 425.2M.

What is FREYR Battery, Inc.?

FREYR Battery, Inc. is a Norwegian company developing sustainable lithium-ion battery solutions for electric mobility, stationary energy storage, marine, and aviation applications.

Where is FREYR Battery located?

FREYR Battery is headquartered in Norway, with key facilities in the Rana and Nesna municipalities.

What are FREYR Battery's main projects?

FREYR Battery is developing a 32+2 GWh lithium-ion battery facility and a 600 MW onshore wind park in Norway.

What markets does FREYR Battery target?

FREYR Battery targets the EV market, marine, stationary storage, short-haul aviation, and offshore segments.

How does FREYR Battery contribute to sustainability?

FREYR Battery produces high-density, cost-effective lithium-ion batteries with a reduced carbon footprint, powered by renewable energy sources.

Who are FREYR Battery's collaborators?

FREYR Battery collaborates with leading Norwegian and European institutions and companies through cluster-based R&D initiatives.

What is the significance of FREYR Battery's wind park project?

The 600 MW onshore wind park underscores FREYR Battery's commitment to using renewable energy to power its operations sustainably.

How does FREYR Battery impact the EV market?

FREYR Battery provides high-density, cost-effective lithium-ion batteries designed to meet the growing demands of the EV market.

What is the capacity of FREYR Battery's lithium-ion battery facility?

The facility has a combined capacity of 32+2 GWh, aiming to produce sustainable and efficient battery solutions.

Why is FREYR Battery considered an emerging leader in the battery industry?

FREYR Battery's innovative approach, commitment to sustainability, and strategic collaborations position it as a key player in the battery industry.
FREYR Battery, Inc.

NYSE:FREY

FREY Rankings

FREY Stock Data

425.24M
118.21M
15.86%
41.57%
9.57%
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