Welcome to our dedicated page for ALUS news (Ticker: ALUS), a resource for investors and traders seeking the latest updates and insights on ALUS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ALUS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ALUS's position in the market.
FREYR AS, a Norway-based clean battery developer, announced its public listing through a business combination with Alussa Energy Acquisition Corp. (NYSE: ALUS). On January 29, 2021, FREYR revealed that the merger will raise an estimated $850 million in equity, featuring a $600 million Private Investment from strategic investors. The transaction aims to facilitate the development of 43 GWh battery manufacturing capacity by 2025, positioning FREYR as a major European battery supplier. The Registration Statement for the merger is pending SEC approval, with shareholder meetings expected in April-May 2021.
FREYR has initiated invitations to tender for equipment needed for its battery cell production line at the upcoming pilot plant in Mo i Rana, Norway. The selected supplier announcement is anticipated by the end of May 2021. The construction is slated to commence soon, with a goal to construct Norway's first large-scale lithium-ion battery facility by 2022. The company, set to merge with Alussa Energy Acquisition Corp. to raise approximately USD 850 million, aims to produce up to 43 GWh of battery capacity by 2025, catering to the growing electric vehicle market.
FREYR AS, a Norwegian clean battery cell developer, announced that CEO Tom Einar Jensen will meet investors at three upcoming conferences. These include the B Riley Securities Sustainable Energy & Technology Conference on March 9, 2021, the Tudor, Pickering, Holt & Co. Battery Workshop on March 31, 2021, and the UBS Global Energy Transition Call Series on April 16, 2021. Furthermore, FREYR will become publicly listed through a merger with Alussa Energy Acquisition Corp., raising around USD 850 million to boost battery manufacturing capacity in Norway. The combined firm will trade as FREYR on the NYSE.
FREYR AS announced that CEO Tom Einar Jensen will attend the BTIG Energy Transition EV Day conference on February 23, 2021. The company is set to go public through a merger with Alussa Energy Acquisition Corp., raising $850 million to enhance battery cell manufacturing in Norway. Upon completion of the merger, the new entity will be called "FREYR Battery" and will trade on the NYSE under the symbol FREY. FREYR aims to produce 43 GWh of battery capacity by 2025, supplying clean, cost-effective batteries for EVs and energy storage.
Innovation Norway has awarded FREYR NOK 39 million to support its clean battery cell production project in Mo i Rana. The grant, categorized under environmental technology, underscores the growing demand for sustainable battery solutions. FREYR aims to develop 43 GWh of production capacity by 2025, leveraging Norway's renewable energy resources. The company anticipates becoming a leading European supplier of sustainable battery cells. This funding follows a previous NOK 9 million grant, bringing total grants from Innovation Norway to NOK 48 million.
FREYR AS announced its merger with Alussa Energy Acquisition Corp (NYSE: ALUS), valuing the combined entity at $1.4 billion. The move aims to position FREYR as a leading battery cell supplier in Europe with a target of 43 GWh production capacity by 2025. It seeks to leverage Norway's renewable energy for low-cost production and aims to create environmentally friendly battery solutions. The merger, expected to close in Q2 2021, will result in FREYR Battery trading under the ticker FREY on the NYSE, and is supported by strategic investors contributing $600 million in PIPE financing.