FREYR Battery Provides Operations and Financial Update
News Release
FREYR Battery Provides Operations and Financial Update
· FREYR reaches major milestone by successfully conducting automated casting trials of electrodes with active electrolyte slurry at Customer Qualification Plant
· FREYR expects to make functional battery cells for customer samples using full automation of CQP in H1 2024, which is the Company’s top strategic priority
· FREYR expects to submit Part 2 of its Title 17 application to U.S. Department of Energy Loan Programs Office in Q1 2024
· Year-end 2023 cash and equivalents balance of $275.7 million