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.
FREYR Battery has initiated discussions for a strategic coalition with Glencore, Caterpillar, Siemens, and Nidec to enhance sustainable battery solutions across Europe and North America. This non-binding alliance aims to establish guiding principles to accelerate energy transition and meet sustainability goals. The coalition will focus on collaboration in battery cell manufacturing, digital services, and sustainable supply chains. FREYR is focused on scaling up battery production capacity, targeting 50 GWh by 2025 and up to 200 GWh by 2030. The announcement underscores FREYR's commitment to decarbonization and innovative technology development.
FREYR Battery (NYSE: FREY) will host its 'Chapter One' opening event at the Customer Qualification Plant in Mo i Rana, Norway, on March 28, 2023. This event marks the launch of an industrial-scale production line utilizing the 24M Technologies SemiSolid production platform. FREYR aims to produce clean, next-generation batteries to accelerate global decarbonization. The event will feature presentations from the FREYR team and remarks from stakeholders, with a webcast available for remote attendance. The company targets 50 GWh of battery cell capacity by 2025, growing to 200 GWh by 2030.
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