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.
Rhea-AI Summary
FREYR Battery (NYSE: FREY) has achieved an important interim milestone by successfully conducting automated cathode casting trials at the Customer Qualification Plant in Mo i Rana, Norway. The company's teams have conducted successful cathode casting runs at fixed nozzle distances of 0.5 mm and 1.0 mm, respectively, and at speeds of 2 meters per minute while using 100 psi of casting pressure. FREYR's top priority is to finalize commissioning at the CQP and to begin automated production of in-spec, customer-testable batteries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.69%
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
Rhea-AI Summary
FREYR Battery (NYSE: FREY) Published Shareholder Letter Encouraging Redomiciliation to the U.S. and Providing Updates on Technology and Strategy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.67%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.21%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
Tags
-
Rhea-AI Summary
FREYR Battery files S-4 registration statement with SEC as part of redomiciliation process to the US
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
Rhea-AI Summary
FREYR provides update on operational progress at the Customer Qualification Plant (CQP) in Norway
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
FAQ
What is the current stock price of FREYR Battery (FREY)?
The current stock price of FREYR Battery (FREY) is $1.99 as of January 24, 2025.
What is the market cap of FREYR Battery (FREY)?
The market cap of FREYR Battery (FREY) is approximately 282.0M.
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
281.99M
110.13M
22.26%
33.18%
9.15%
Electrical Equipment & Parts
Electronic Components & Accessories
United States of America
NEWNAN