FREYR Battery Secures 28.5 GWh Offtake Agreement with Powin
New York, Oslo and Luxembourg, May 10, 2022, FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Powin LLC (“Powin”), a global leader in the design, manufacturing, and integration of safe and scalable battery energy storage solutions, have signed a conditional agreement for Powin to offtake battery cells produced by FREYR for energy storage system applications, subject to the terms and conditions of the agreement. Highlights · FREYR to deliver 28.5 GWh of battery cells to Powin from 2024 through 2030. The cells will