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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.

News

FREYR Battery Announces New Organizational Structure and Leadership Changes

Rhea-AI Summary
FREYR Battery (FREY) announces organizational optimizations, including leadership changes to align resources with business priorities. Dr. Andreas Bentzen promoted to Chief Technology Officer, Ryuta Kawaguchi to Chief Strategy Officer & Technical Fellow, and Mike Brose to lead activities in Mo i Rana. Amy Jaick promoted to Head of Global Communications, and Jan Dahm-Simonsen to lead global human resources. The new structure aims to position FREYR as a U.S. based technology leader in the battery solutions industry, focusing on technology development and GWh production.
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FREYR Battery Appoints Jessica Wirth Strine to Board of Directors

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FREYR Battery (FREY) appoints Jessica Wirth Strine, a U.S.-based executive with extensive experience in the capital markets and sustainable governance, to its Board of Directors. Olaug Svarva steps down as independent director. With the re-domiciliation process to the U.S. underway, this transition marks a significant step in FREYR's strategic development.
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FREYR Battery Publishes Shareholder Letter

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FREYR Battery (NYSE: FREY) Published Shareholder Letter Encouraging Redomiciliation to the U.S. and Providing Updates on Technology and Strategy
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FREYR Battery Reports Third Quarter 2023 Results

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FREYR Battery (NYSE: FREY) reported Q3 2023 financial results, highlighting delays in commissioning equipment at the Customer Qualification Plant. The company ended Q3 with $328 million in cash and no debt, expects to exit 2023 with $250 million in cash, and is implementing cost rationalization initiatives to extend cash runway. FREYR plans to minimize spending on the Giga Arctic project in 2024 and is engaging with potential financial sponsors and strategic partners.
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FREYR Battery Provides Update on U.S. Redomiciling

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FREYR Battery, a developer of clean battery cell production capacity, will hold an extraordinary general meeting of shareholders on December 15, 2023. Proxy materials are being mailed to shareholders of record as of October 25, 2023. The meeting is in connection with the company's redomiciliation process from Luxembourg to the U.S.
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FREYR Battery Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

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FREYR Battery (NYSE: FREY) will release its third quarter 2023 results and conduct a conference call on November 9, 2023. The press release will be issued at 6:00 am EST and the conference call will begin at 8:30 am EST.
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FREYR Battery Provides Operations Update

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FREYR achieves key milestone in battery cell production, positioning them for fully automated production at CQP in 4Q 2023. Collaboration with Nidec and 24M Technologies progresses. Sample cells to be shipped to Nidec. Positive outlook for Giga America project equity farm down process.
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FREYR Battery Files Form S-4 for Redomicile from Luxembourg to U.S.

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FREYR Battery files S-4 registration statement with SEC as part of redomiciliation process to the US
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FREYR Battery Provides Operations Update

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FREYR provides update on operational progress at the Customer Qualification Plant (CQP) in Norway
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FREYR Battery Welcomes SAP to Energy Transition Acceleration Coalition

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SAP joins FREYR's Energy Transition Acceleration Coalition (ETAC) to commercialize decarbonization solutions through clean battery deployment
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FAQ

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

The current stock price of FREYR Battery (FREY) is $2.16 as of December 20, 2024.

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

The market cap of FREYR Battery (FREY) is approximately 280.7M.

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.

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FREYR Battery, Inc.

NYSE:FREY

FREY Rankings

#3584 Ranked by Market Cap
N/A Ranked by Dividends

FREY Stock Data

280.68M
118.21M
16.02%
41.62%
8.6%
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