FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States
· 50%/50% joint venture to evaluate U.S. Gigafactory production of clean, next-generation battery cells for energy storage system, mobility, and electric vehicle applications · Joint venture has secured a direct strategic license from U.S.-based 24M Technologies · $70 million joint investment in 24M Technologies and the JV’s licensing agreement provide for equity ownership in 24M and deep strategic, operational, and financial alignment · Joint venture to also evaluate advanced battery technologies for future commercialization · Joint venture further enhances FREYR’s strategy to