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) has entered a conditional agreement with Powin LLC to supply 28.5 GWh of battery cells for energy storage systems from 2024 to 2030. The cells will initially be sourced from FREYR’s Gigafactory in Norway and later from its upcoming U.S. Gigafactory. This agreement marks a significant commercial milestone, raising FREYR's total offtake volumes to 78.8 GWh, over 67% of its Gigafactory’s projected capacity. The collaboration aims to support clean energy transitions with cost-competitive, low CO2 lithium-ion batteries.
FREYR Battery (NYSE: FREY) announced CEO Tom Einar Jensen's participation in the Norwegian royal delegation visiting Stockholm, Sweden, from May 2-4. The delegation aims to strengthen collaboration between Norway and Sweden in the clean battery sector, focusing on sustainable energy solutions and the development of a robust battery industry. Jensen emphasized the importance of public-private partnerships for the battery value chain, highlighting ongoing operations in Norway and plans for sustainable production to meet growing demand for green energy solutions.
FREYR Battery (NYSE: FREY) will announce its first quarter 2022 results on
FREYR Battery (NYSE: FREY) has appointed Andreas Bentzen as its new Executive Vice President of Technology, effective September 1. Bentzen, previously the Co-Founder and CTO of Otovo, brings extensive experience in renewable energy and technology. His role will be crucial as FREYR progresses towards initial production and aims to reach ambitious growth targets in the battery cell industry. FREYR is focused on delivering 43 GWh of battery cell capacity by 2025 and 83 GWh by 2028, emphasizing a commitment to clean energy solutions.
FREYR Battery (NYSE: FREY) reported its fourth-quarter and full-year 2021 results, including key developments in its clean battery production initiatives. The company signed conditional offtake agreements with Honeywell (NASDAQ: HON) and secured negotiations for additional agreements representing over 150 GWh in demand. FREYR plans to combine its two Gigafactories, increasing capacity to 18 GWh. Despite a net loss of $28 million in Q4 2021, cash reserves stood at $565.6 million. The firm aims to finalize more agreements and push for a Final Investment Decision in 2022.
FREYR Battery (NYSE: FREY) has received $11 million in funding from the Norwegian Green Platform initiative to support sustainable battery production. This funding will facilitate a project in collaboration with SINTEF and the Institute for Energy Technology, focusing on reducing environmental impacts in the battery value chain. The initiative underscores the strategic importance of battery development in Norway's decarbonization efforts, with FREYR aiming to enhance sustainability in its operations and expand its capacity to produce green battery cells.
FREYR Battery (NYSE: FREY) will release its fourth quarter and full-year 2021 results on February 28, 2022, at 6:00 AM EST, followed by a conference call at 7:30 AM EST. The call will be accessible via participant dial-in numbers listed in the announcement. FREYR is focused on developing clean battery cell production capacity aimed at reducing global emissions, with plans to build factories in Norway, Finland, and the United States, intending to deliver up to 83 GWh of battery cell capacity by 2028.
FREYR Battery (NYSE:FREY) has secured nine frame agreements with suppliers for materials needed for its Customer Qualification Plant in Norway. The agreements cover 90% of the required materials and set the stage for initial lithium iron phosphate battery cell production set to begin in late 2022. Additionally, FREYR has partnered with Glencore for localized raw material supply and formed a joint venture with Aleees for LFP cathode production. The company aims for a significant reduction in CO2 emissions, targeting 83 GWh production by 2028, potentially generating over $500 million in annual de-carbonization value.
FREYR Battery has submitted its Environmental Impact Assessment (EIA) proposal for a planned battery cell plant in Vaasa, Finland, marking a key step towards construction. The company aims to produce 43 GWh of battery cell capacity by 2025 and 83 GWh by 2028. Vaasa's favorable conditions include affordable renewable energy and access to skilled labor. The EIA process is critical for evaluating environmental impacts and required before making final investment decisions. The target is to complete the assessment by the end of 2022, setting the stage for Finland's first Gigawatt hour scale battery cell facility.
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