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FREYR Battery Reports Second Quarter 2024 Results

NEW YORK & OSLO, Norway & NEWNAN, Ga.-FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable, next-generation battery solutions, today reported financial results for the second quarter of 2024.Key Messages: · FREYR’s new Board of Directors and leadership team executing plan to achieve first revenues and EBITDA as soon as 2025. The Company’s top priority is to focus resources on financeable projects and inorganic opportunities that accelerate FREYR’s commercialization and pathway to cash flows. · FREYR is prioritizing conventional technology

FREYR Battery Provides Operations Update

· FREYR has completed its first production trial of manufacturing chargeable unit cells with the Casting and Unit Cell Assembly machinery at the Customer Qualification Plant (“CQP”). This step, which marks the first time all manufacturing steps were run with automated processes, was reached in accordance with the previously communicated H1 2024 timeline. FREYR is now the first company to complete automated production trials on the second-generation SemiSolid[TM] manufacturing platform. · On June 20[th], FREYR’s teams, partners, and vendors at the CQP successfully produced dozens of

FREYR Battery Announces Leadership Changes to Support Strategic Focus on Accelerating Path to Profitability

· Co-Founder and Executive Chairperson Tom Jensen to return to CEO role; Current Director Daniel Barcelo appointed Chair of the Board  · Evan Calio, a recognized financial expert in the energy sector, appointed Company’s new CFO  · Changes support FREYR’s accelerated strategic shift to the U.S market and key initiatives to drive revenues and profitability New York, Oslo, and Newnan, GA, June 6, 2024, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Co-Founder and

FREYR Battery Provides Operations Update

·FREYR has completed its first production trial of unit cells using the full capabilities of the Casting and Unit Cell Assembly at the Customer Qualification Plant (“CQP”). With this, FREYR is the first company globally to successfully demonstrate the functionality of giga scale production line equipment for the second generation of the 24M Technologies SemiSolidTM platform.  ·This achievement at the CQP positions FREYR as a leading industrialization partner for advanced, novel and U.S. IP-based Lithium-Ion battery production technologies.  ·The CQP team will now move on to

FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors

Co-founding investors in FREYR and decorated former U.S. government service officer bring decades of relevant experience in institutional energy sector investing, public and government affairsNEW YORK & OSLO & NEWNAN, Ga.--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has appointed Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Company’s Board of Directors (“Board”) effective immediately. The appointments are intended to fill vacancies created by the departures of Mimi Berdal and Jason Forcier, and

FREYR Battery Reports Fourth Quarter and Full Year 2023 Results

News Release  New York, Oslo, and Newnan, GA, February 29, 2024, FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the fourth quarter and full year of 2023.   Highlights:  ·New operations update: another key milestone reached at Customer Qualification Plant. Building on recent technical achievements, FREYR’s Asset Mo team at the Customer Qualification Plant (“CQP”) conducted successful automated anode casting trials with active anode slurry in the second half

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

FREYR Battery Receives Invitation from U.S. Department of Energy to Submit Part II Application for Giga America Title 17 Loan

NEW YORK & OSLO, Norway & LUXEMBOURG-FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, announced today that the U.S. Department of Energy (“DOE”) has invited the Company to submit the Part II loan application under the DOE Title 17 program for FREYR’s Giga America project. “The Part II DOE loan application invitation is an important next step in FREYR’s journey to fund our Giga America project,” commented Birger Steen, FREYR’s Chief Executive Officer. “With our redomiciliation to the U.S. now approved by our

FREYR Battery Receives Shareholder Approval for Redomicile from Luxembourg to the U.S.

NEW YORK & OSLO, Norway & LUXEMBOURG-FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, announced today that the Company has received the required votes to approve all proposals at its Extraordinary General Meeting (“EGM”) on December 15, 2023. As a result, FREYR expects to complete the previously announced process to redomicile from Luxembourg to the United States by year end 2023. “On behalf of the Board of Directors and management, the FREYR team expresses its gratitude for the support of its shareholders of

FREYR Battery Provides Operations Update

FREYR achieves important interim milestone by successfully conducting automated cathode casting trialsNEW YORK & OSLO, Norway & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the company’s operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. Successful automated cathode casting trials Following successful adjustments to the cathode casting equipment that included updates to the vacuum system, last week, FREYR’s teams at

FREYR Battery Announces New Organizational Structure and Leadership Changes

New York, Oslo, and Luxembourg, November 27, 2023, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has announced organizational optimizations, including leadership changes intended to align resources with FREYR’s business priorities. Under FREYR’s new organizational structure, the following members of FREYR’s executive leadership team will assume elevated responsibilities with immediate effect: · Dr. Andreas Bentzen has been promoted to the role of Chief Technology Officer. Dr. Bentzen, who has been

FREYR Battery Appoints Jessica Wirth Strine to Board of Directors

New York, Oslo, and Luxembourg, November 27, 2023, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has announced the appointment of Jessica Wirth Strine to FREYR’s Board of Directors. Jessica Wirth Strine, a U.S.-based executive with prior experience as a portfolio manager at BlackRock Inc. (NYSE: BLK) and Vanguard Investments, is joining FREYR’s Board of Directors effective immediately. Strine is the Chief Executive Officer and Managing Partner of Sustainable Governance Partners LLC, an independent corporate

FREYR Battery Reports Third Quarter2023

New York, Oslo, and Luxembourg, November 9, 2023, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the third quarter of 2023. Highlights of the Third Quarter 2023 and Subsequent Events: · Following operations updates published on September 6, 2023, and October 4, 2023, highlighting the achievements of interim technical milestones, the timeline for completing the highly complex commissioning of the Casting and Unit Cell Assembly equipment at the Customer Qualification

FREYR Battery Provides Operations Update

FREYR surpasses most complex remaining technical hurdle to commence initial fully automated production at the CQP in 4Q 2023New York, Oslo and Luxembourg, October 4, 2023, FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, provided an update this morning on the company’s continued operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. Process automation FREYR has achieved the interim milestone of automatic electrode casting with solvent slurry. This step, which was met in accordance with FREYR’s

FREYR Battery Announces Appointments to Senior Management and Board of Directors

Previous Microsoft executive Birger Steen appointed Chief Executive Officer and to Board of Directors; Co-founder and CEO Tom Einar Jensen appointed Executive Chair of Board of Directors; Founder and Executive Chair Torstein Dale Sjøtveit retiring as part of succession planNEW YORK & OSLO, Norway & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced two appointments to strengthen the company’s leadership capabilities and accelerate key strategic initiatives. The appointments to the senior management and

FREYR Battery Reports Second Quarter 2023 Results

NEW YORK & OSLO, Norway & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2023.  Highlights of the Second Quarter 2023 and Subsequent Events: · In a separate press release published this morning and available on FREYR’s website, FREYR announced appointments to the Company’s senior management team and Board of Directors in accordance with an established succession plan. Former Microsoft executive Birger Steen has been appointed as

FREYR Battery Awarded €100 Million EU Innovation Fund Grant

NEW YORK, OSLO, Norway & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the company has been awarded a €100 million grant from the European Union (“EU”) to support development of FREYR’s Giga Arctic project in Norway. The grant will be funded through the EU’s Innovation Fund (“EUIF”) as part of the EU’s efforts to promote localized production of battery solutions. “We are delighted with the news we have received from the EU’s Innovation Fund to support FREYR’s Giga Arctic project,” remarked Tom

FREYR Battery Announces Key Achievements Ahead of Capital Markets Day

FREYR assembles and successfully charges its first semi-automated battery unit cells at the Customer Qualification Plant, provides Giga Arctic and Giga America financing updates, announces technology diversification progress including a Heads of Terms agreement with Sunwoda Mobility Energy Technology Co., Ltd., and receives indication that a major passenger vehicle OEM intends to join FREYR’s recently formed Energy Transition Acceleration Coalition · FREYR has assembled and successfully charged its first battery unit cells at the company’s Customer Qualification Plant (“CQP”) and is on

FREYR Battery Reports First Quarter 2023 Results

NEW YORK & OSLO, Norway & LUXEMBOURG -- FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the first quarter of 2023. Highlights of the First Quarter 2023 and Subsequent Events: · In March, FREYR hosted customers, strategic partners, government officials, and other key stakeholders at the Chapter One opening event at the Company’s Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. The event marked the completion of construction and the start of commissioning of

FREYR Battery Targets Strategic Coalition with Four Major Global Partners

NEW YORK & OSLO, Norway & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the Company has entered into discussions on a potential strategic coalition with Glencore Plc (LN: GLEN), Caterpillar Inc. (NYSE: CAT), Siemens AG (GY: SIE), and Nidec Corporation (TSE: 6594) to pursue the scale up of sustainable battery solutions across Europe, North America, and beyond. The non-binding alliance may establish guiding principles including: 1. A shared vision of battery technology as critical to the

FREYR Battery Announces ‘Chapter One’ Opening Event at Customer Qualification Plant in Mo i Rana, Norway

NEW YORK & OSLO, Norway & LUXEMBOURG---FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the Company will host its ‘Chapter One’ opening event at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway, on March 28[th], 2023. “The Chapter One opening ceremony at the CQP is a major milestone for FREYR which inaugurates the global launch of one industrial scale production line of the 24M Technologies (“24M”) SemiSolid[TM] production platform at GWh scale. We look forward to welcoming our customers,

FREYR Battery Reports Fourth Quarter 2022 Results

New York, Oslo, and Luxembourg, February 27, 2023, FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the fourth quarter and full year of 2022. Highlights of the fourth quarter 2022 and subsequent events: · With factory acceptance testing completed and final equipment installations nearing completion, FREYR is on track to commence operations at the Customer Qualification Plant (“CQP”) in the first quarter of 2023 as previously communicated. The official opening of the CQP

FREYR Battery Signs First E-Mobility Offtake Agreement with Impact Clean Power Technology to Supply Up to 14 GWh of LFP Cells

NEW YORK & OSLO, Norway & LUXEMBOURG-FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced a conditional offtake agreement (“COA”) with Impact Clean Power Technology (“Impact”), a leading manufacturer of battery systems for transportation, industry and stationary energy storage for renewable energy sources, traditional power generation, rail, and telecommunications. Under the terms of the agreement, FREYR will supply 10 – 14 GWh of clean, next-generation battery cells based on the 24M Technologies, Inc. (“24M”) SemiSolid[

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