NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable clean energy capacity and solutions, today reported financial results for the third quarter of 2024. Results Overview, Financing, and Liquidity FREYR reported a net loss attributable to stockholders for the third quarter of 2024 of $(27.5) million, or $...
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) has announced that the Company has entered into an agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599) (“Trina Solar”). The transaction is subject to certain customary conditions precedent, including receipt of certain third-party consents, comp...
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable battery and clean energy solutions, confirmed this morning that the European Union Innovation Fund (“EUIF”) has selected FREYR for a €122 million grant award to develop the Company's potential joint venture Cathode Active Material (“CAM”) manufacturing ...
In 2021, the term SPAC became part of the investor's dictionary. SPAC stands for special purpose acquisition company, and it was a way many companies went public in 2020 and 2021.
FREYR is prioritizing investing in their Giga America plant to capitalize on favorable IRA policies and market opportunities, especially in the EES and EV segments. With $221.5M in cash and no debt, FREYR has a decent buffer for the next 2-3 years but must manage expenses to avoid liquidity issues. Pessimism and skepticism about near-term milestones are fully priced in, potential positive annou...
FREYR Battery, Inc. (NYSE:FREY ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Jeffrey Spittel - VP, IR Daniel Barcelo - Chairman Tom Einar Jensen - Co-founder, CEO Evan Calio - CFO Conference Call Participants Tyler DiMatteo - BTIG Jeffrey Spittel Hello and welcome to Freyr Battery's Second Quarter 2024 Earnings Conference Call. With me today on the call are D...
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable, next-generation battery solutions, today reported financial results for the second quarter of 2024. Key Messages: FREYR's new Board of Directors and leadership team executing plan to achieve first revenues and EBITDA as soon as 2025. The Company's top ...
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of next-generation battery cell production capacity, will publish a press release detailing second quarter 2024 results and conduct a conference call on August 9, 2024. The second quarter 2024 press release will be issued by 6:00 am U.S. Daylight Time (12:00 pm Central European Time). The c...
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