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 (NYSE: FREY) plans to release its second quarter 2022 results on August 8, 2022, at 6:00 AM EDT, followed by a conference call at 7:30 AM EDT. The call's access details are provided, including dial-in numbers for the U.S. and the UK. FREYR focuses on clean battery solutions to support global decarbonization efforts, with ongoing factory developments in Norway, Finland, and the U.S. The company aims for significant production capacity increases, targeting up to 43 GWh by 2025, over 83 GWh by 2028, and more than 200 GWh by 2030.
FREYR Battery has approved the expansion of its Giga Arctic project in Mo i Rana, Norway, increasing its plant capacity to
FREYR Battery (NYSE: FREY) hosted the launch of Norway's National Battery Strategy at its giga factory location in Mo i Rana. The strategy aims to develop a profitable battery value chain, enhancing Norway's attractiveness for battery investments. Minister of Trade and Industry Jan Christian Vestre is set to present ten measures to boost battery production, recycling, and sustainable mineral extraction. The initiative aligns with Norway's goal to increase exports and reduce greenhouse emissions significantly by 2030, indicating positive prospects for FREYR Battery's operations.
FREYR Battery (NYSE: FREY) has signed a reservation agreement with Changzhou Senior New Energy Materials Co., Ltd. and Senior Material (Europe) AB for the supply of separator materials for its Customer Qualification Plant and upcoming Gigafactories in Norway. The agreement ensures sufficient supply through 2028, with an option to extend to 2031. This partnership aims to enhance local sourcing and minimize carbon emissions, aligning with FREYR's mission to produce clean battery solutions. The material capacity reservations begin in 2023.
FREYR Battery announced the resignation of board member German Curá, effective by August 1, 2022. Curá stepped down for personal reasons and had no disagreements with the company. The Chairman, Torstein Dale Sjøtveit, expressed gratitude for Curá's contributions. FREYR Battery is focused on providing clean battery solutions to reduce global emissions, with plans to deliver up to 43 GWh of battery cell capacity by 2025 and 83 GWh by 2028 as it builds factories in Norway and explores expansions in Finland and the U.S.
FREYR Battery (NYSE: FREY) has signed a binding Heads of Terms with Statkraft, Europe's largest renewable energy producer, to secure a long-term supply of renewable power for its battery cell production project in Mo i Rana, Norway. The agreement is projected to fulfill FREYR's electricity needs from 2024 to 2031, providing up to 23 MW baseload power, totaling 1.4 TWh over the contract period. This deal supports FREYR's commitment to producing clean battery cells and minimizing its carbon footprint by utilizing local hydropower resources.
FREYR Battery (NYSE: FREY) announced its 2022 Annual General Meeting (AGM) set for June 15, 2022, at 3:00 PM CET, to be held via video conference from Luxembourg. The company also released its 2021 Annual Report, containing insights on its commitment to Environmental, Social, and Governance (ESG) practices. FREYR aims to produce green battery cells to drive decarbonization, with plans for up to 43 GWh of battery cell capacity by 2025 and 83 GWh by 2028. The report and AGM documents are accessible through the company's website.
FREYR Battery (NYSE:FREY) has signed a temporary land lease for 130 hectares in Vaasa, Finland, aimed at establishing a battery cell production plant. This lease is 40 hectares larger than a previous agreement, reflecting efforts to boost the supply of clean battery solutions. The lease, effective from May 1, 2022, to December 31, 2023, allows for soil investigations ahead of potential construction. FREYR plans to produce up to 83 GWh of battery capacity by 2028, supporting global decarbonization efforts.
FREYR Battery (NYSE: FREY) reported Q1 2022 results, highlighting significant milestones in its clean battery cell production. The company secured conditional offtake agreements with major entities, including a 28.5 GWh deal with Powin LLC and additional agreements totaling 25 GWh for energy storage systems. FREYR commenced pre-construction for its Gigafactory in Norway and is actively negotiating further agreements that could add 100 GWh in demand. Despite a net loss of $34.9 million, the company holds $524.6 million in cash, positioning it well for upcoming growth ambitions.
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