Freyr Battery Inc is a company focused on the development and production of sustainable battery technology, particularly for electric vehicles and energy storage solutions
The company aims to innovate within the battery manufacturing sector by utilizing environmentally friendly processes and materials. Freyr is committed to advancing the transition to clean energy through the promotion of high-performance, cost-effective battery systems that support a decarbonized future. Its operations encompass the entire battery supply chain, from raw material sourcing to production and recycling, emphasizing sustainability and efficiency.
FREYR Battery (NYSEFREY) shares up on completing Trina Solar acquisition worth $340M. Expects full production by 2025, targeting annual EBITDA of $650M-$700M
The hottest markets following the Fed's 25 basis point rate cut weren't big tech but the small caps, confirming the sector rotation which began over the summer.
FREYR Battery acquires Trina Solar's U.S. solar manufacturing assets for $340M. Multi-phase strategy to establish vertically integrated presence and projected EBITDA of $75M-125M in 2025.
FREYR Battery Inc (NYSEFREY) shares are trading higher. The company on Monday provided an operations update for its Customer Qualification Plant in Norway, noting that it achieved its most significant technical milestone to date by producing unit cells in a continuous process with its Casting and Unit Cell Assembly machine.
FREYR Battery, Inc. (NYSEFREY) shares traded higher Wednesday after the company successfully completed its first production trial of unit cells utilizing the full capabilities of the Casting and Unit Cell Assembly machine, marking a monumental technical achievement.
