FREYR Battery Inc (FREY) Sector
Industrials

(Current) $1.70
-0.13 (-7.1%) Open Price: 1.83

 

FREYR Battery Inc. is a company on a mission to revolutionize the battery storage landscape. Founded in Norway, FREYR recently completed its redomiciliation to the United States in December 2023, solidifying its commitment to the North American market. Their focus lies in developing clean, next-generation battery cell production capacity to meet the ever-growing demand for energy storage solutions.

 

FREYR isn't just another battery manufacturer. They take a sustainable approach to their operations. Leveraging Norway's abundant hydropower resources, FREYR designs and manufactures high-density, cost-competitive lithium-ion batteries with a reduced carbon footprint. This focus on clean production aligns perfectly with the growing global urgency for environmentally friendly solutions in the energy sector.

 

The company boasts a versatile product portfolio. FREYR's batteries cater to a variety of applications, including electric vehicles (EVs) and stationary energy storage (ESS) systems. Their "FREYR 2.0" growth initiative highlights this diversification. This initiative encompasses several projects targeting production capacity exceeding 100 GWh for both LFP (lithium iron phosphate) and NMC (nickel manganese cobalt) battery chemistries. This allows them to cater to the specific needs of both the passenger EV and energy storage markets.

 

FREYR is a company on the move. Having successfully completed automated anode casting trials at their Customer Qualification Plant (CQP), they are rapidly progressing towards commercialization. Additionally, their recent redomiciliation to the US opens doors to new funding opportunities and positions them strategically within the heart of the growing North American EV market.

 



 

(12/04/24) $1.83
(12/05/24) $1.83
(12/05/24) (Qty.)2,289,046
(12/04/24) $1.82
(12/04/24) $1.95
(12/01/24) $1.81
(11/17/24) $2.66
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