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.
The FREY news page on Stock Titan provides an archive of announcements and press releases related to FREYR Battery, Inc. and its evolution into T1 Energy Inc. Historically listed on the New York Stock Exchange under the ticker FREY, the company has communicated a strategic shift toward becoming an energy solutions provider focused on an integrated U.S. supply chain for solar and batteries. News items trace this development from FREYR’s origins as a developer of sustainable battery and clean energy solutions to its rebranding and ticker change to TE.
Readers can find company statements about the rebranding of FREYR Battery as T1 Energy, including the introduction of the T1 name, logo, and visual identity, and the decision to relocate the corporate headquarters to Austin, Texas. Coverage also includes updates on the acquisition of U.S. solar manufacturing assets from Trina Solar, the ramp-up of a 5 GW solar module manufacturing facility in Wilmer, Texas, and the company’s description of its strategy to build a vertically integrated U.S. solar manufacturing footprint with a complementary solar and battery storage approach.
Additional news highlights include quarterly financial results, commentary from management on strategic priorities, and information on technology development at the Customer Qualification Plant in Mo i Rana, Norway. Articles also discuss the selection of FREYR for a European Union Innovation Fund grant to support a potential Cathode Active Material manufacturing project in Vaasa, Finland, and the company’s plans to optimize and monetize its European asset portfolio.
Because the FREY ticker has transitioned to TE as part of the T1 Energy rebrand, this page serves as a useful historical record of corporate actions, financial updates, project milestones, and strategic announcements made while the company traded under the FREY symbol. Investors and researchers can use this archive to understand how the business model, geographic focus, and branding have developed over time.
FREYR Battery has successfully completed its first production trial of manufacturing chargeable unit cells using automated processes at its Customer Qualification Plant (CQP) in Mo i Rana, Norway. This milestone makes FREYR the first to complete automated production trials on the second-generation SemiSolidTM platform. The trials, conducted on June 20th, produced multiple unit cells with promising characteristics. The company aims to enhance the technical and economic competitiveness of its battery technology while finalizing various commercial agreements in North America and Europe.
FREYR Battery announced significant leadership changes to support its strategic focus on accelerating its path to profitability. Co-Founder Tom Jensen returns as CEO, Director Daniel Barcelo becomes Chair of the Board, and Evan Calio is appointed CFO. These changes align with FREYR's shift towards the U.S. market and key initiatives to drive revenue and profitability. Outgoing CEO Birger Steen and CFO Oscar Brown will stay briefly to ensure smooth transitions. The new management aims to capitalize on U.S. market opportunities, advance 24M SemiSolidTM technology, and finalize a partnership with an established cell producer.
FREYR Battery has successfully completed its first production trial of unit cells at its Customer Qualification Plant (CQP) in Mo i Rana, Norway. This milestone demonstrates the functionality of giga-scale production line equipment for the second generation of the 24M Technologies SemiSolid™ platform, making FREYR the first company globally to achieve this. The CQP team now aims to produce unit cells using fully automated processes and plans to manufacture multi-layer pouch battery cells by Q2 2024. The trial was facilitated by the integration of casting webs across cathode, anode, and merge units. This achievement positions FREYR as a leading partner for advanced lithium-ion battery production technologies.
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.
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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