FREYR Battery Reports First Quarter 2022 Results
NEW YORK & OSLO, Norway & LUXEMBOURG - FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the first quarter of 2022. Highlights of the first quarter 2022 and subsequent events: · Signed conditional offtake agreement (“COA”) with Powin LLC to supply 28.5 GWh of cumulative volumes from 2024 – 2030 for Energy Storage Systems (“ESS”) applications. The cells will initially be delivered from FREYR’s combined Gigafactory 1 & 2 in Mo i Rana, Norway, with prospective future collaboration in the U.