FREYR Battery

FREYR UPDATE! We’re thrilled to announce the completion of FREYR’s acquisition of Trinasolar's manufacturing facility in Wilmer, Texas. The acquisition marks a pivotal moment for our company and a critical step forward in becoming a U.S.-based leader in the solar and storage markets. With 5 GW of solar module production in Wilmer, FREYR will quickly become a leading domestic manufacturer in this space. From Wilmer, our vision extends even further to solar cell production, with construction expected to start in Q2 2025 and with anticipated first solar cell production in H2 2026. Longer term, we see an opportunity to pair solar and storage as the demand in both areas continues to grow. The deal is expected to exit 2025 at full-year run rate EBITDA of $175 - $225 million and an integrated solar module/solar cell production annual run rate EBITDA of $650 - $700 million. We are grateful to the FREYR and Trina teams for their work to make today possible, to those working at the facility who have helped it ramp up over the past several months,  and to the Wilmer community for their ongoing support. To read more, please visit, https://bit.ly/dealclose. #solar #energymix

NEWS ALERT: FREYR Announces Transformative Acquisition! We are excited to announce that FREYR is set to acquire a 1.35 million square foot solar module manufacturing facility in Wilmer, TX from Trinasolar.  The facility, which has just started production, will manufacture 5GW of solar modules annually, create 1,500 jobs, and is expected to generate $75 - $125 million EBITDA in 2025 and exit 2025 at full-year run rate EBITDA of $175 - $225 million.      Daniel Barcelo, FREYR’s Chairman of the Board of Directors will assume the role of Chief Executive Officer of FREYR and will be joined by several senior leaders from across the solar and energy sector. Subject to closing of the transaction, Mingxing Lin will be appointed Chief Strategy Officer and Dave Gustafson will be appointed Chief Operating Officer; while Peter del Vecchio will join as Interim Chief Legal Officer with immediate effect. Co-founder Tom Einar Jensen has been appointed CEO of FREYR Europe and will oversee value optimization of European assets.   The acquisition of the Wilmer manufacturing facility creates a future pathway to solar cell manufacturing and solar + storage and ensures FREYR's position as a leading integrated U.S.-owned and operated solar technology company.   To read more about the deal, the leadership team, and our earnings results, please visit https://bit.ly/freryracq #solar #solarenergy #energytransition

FREYR Battery heads to Anaheim this week for #REPlus24, the largest clean energy event in North America. What initially started as Solar Power International, has now expanded to broader areas of renewable energy, including #energystorage, #batteries, #hydrogen, #microgrids, #EV #charging and infrastructure, and #windenergy. No matter how you look at it, one thing is clear - in this energy transition, batteries will be included. 🔋 🗺 Find our booth: https://lnkd.in/dWm8hCw8

Georgia's commitment to developing its clean tech ecosystem has been an important part of its growth in the space. Cole Patterson, FREYR's Vice-President of Supply Chain in the U.S., recently joined leaders from across the sector, including Jonathan Siskin, Charlie Cichetti, Eric Hartz, Tom Cuthbert, and Scott Childers, to share more about the role of batteries in the energy transition. Thanks to Technology Association of Georgia for a great conversation and for bringing everyone together. #batteries #energytransition #cleanenergy

"Two years after being signed into law, the Inflation Reduction Act (IRA) continues to deliver on its promise to be the most significant act of climate legislation ever. Despite initial doubts about its novel approach, the legislation has proven to be a game changer for the U.S. economy and for the clean energy transition." Find out more about the IRA's impact on the battery space from Tom Einar Jensen, new technology and project investment and implementation from Eric Holdsworth at Edison Electric Institute, and community impact and skills development from Cynthia Curry at the Metro Atlanta Chamber. https://lnkd.in/ggh2hhkS #batteries #energytransition #cleantech #energystorage

Today, FREYR Battery reported Q2 earnings with a focus on the larger market for electrification and batteries, our strategy for operating in a dynamic sector, and what the future looks like for FREYR moving forward. Key messages include the following: *FREYR’s new Board of Directors and leadership team are executing on a plan to achieve first revenues and EBITDA as soon as 2025.  *FREYR is prioritizing conventional technology strategy to achieve commercialization.  *FREYR is evaluating several high-impact inorganic opportunities. * FREYR continues to maintain the ambition to establish a long-term competitive moat based on next-generation intellectual property with the 24M SemiSolidTM platform. For more details on our Q2 2024 performance and strategic initiatives, join our results presentation today with Board Chair Daniel Barcelo, our CEO and co-founder Tom Einar Jensen, and our CFO J. Evan Calio, or visit our website. https://bit.ly/3SDD5Mb #batteries #energytransition #electrification

FREYR Battery CEO, Tom Einar Jensen participates in Atea Norge AS’s panel discussion during Arendalsuka, Norway’s largest political event, "The new industry: The key to success" Topic: "The industry is changing, everything is being digitized and everything will be online. Operational technology (OT) and information technology (IT) have traditionally been separate, but must now be integrated to meet the requirements of modern industry and to increase competitiveness. This is a restructuring that is both financially and structurally demanding, and that presents a number of security challenges. At the same time, it is absolutely necessary". With representatives from FREYR Battery and Siemens who represent both new and traditional industry, Atea Norge AS asks; How should businesses organize themselves to achieve this shift; and how can the public sector contribute with investments and framework conditions to drive forward the digital transformation business life in Norway is facing? Cast: ☀️Cecilie T. Myrseth Minister of Industry in the Norwegian Ministry of Trade, Industry and Fisheries ☀️ Tom Einar Jensen CEO of FREYR Battery ☀️Frank Bråthen, general manager at Siemens ☀️Roar Langli Atea Norge AS Moderator: Lars Iversen strategic advisor at Atea Norge AS

FREYR Battery CEO, Tom Einar Jensen participates in DNB’s panel discussion during Norway’s largest political event, Arendalsuka, in the: "Live podcast: America's economic miracle and the fateful election in November" Topic: "...the American economy has shown great resilience. Growth has been far stronger than in Europe and the typical American now earns significantly more than the typical European. At the same time, the United States continues to show a willingness to invest and innovative power that few countries can match. Why has economic development in the United States been so strong in the last decade? What can Europe learn from America's successes and mistakes?" Moderator: Øystein Kløvstad Langberg (host), Head of Communications at DNB and former US correspondent for Aftenposten Participants: ☀️Eirik Løkke Advisor at Civita and US expert ☀️Tom Einar Jensen CEO of FREYR Battery ☀️Vidar Andersen Head of DNB in North America #batteries #energytransition #cleanenergy

Velkommen live i Arendal og på streaming link mandag 12. august kl 16:30! Norsk Industri og Battery Norway inviterer til " Det blir ikke noe grønt skifte uten batterier!" Christer Tryggestad fra McKinsey vil introdusere de viktigste nøkkeltallene og trendene, etterfulgt av en spennende panelsamtale ledet av Axel M. Thorsdal fra Grette, med fokus på hvordan vi kan styrke Norges og EUs posisjon i det globale batterimarkedet. På scenen er også: - Harald Solberg (Norsk Industri) - Thina Margrethe Saltvedt (Nordea) - Tore O. Sandvik (statssekretær NFD) - Erik Sauar (Cenate AS)  - Nils Klippenberg (Siemens) Dette er en unik mulighet til å få innsikt i hvordan batterier kan drive det grønne skiftet og bidra til en bærekraftig fremtid for Europa og verden. 

ICYMI: Here's a look back at some of the most exciting moments at FREYR last month. Check out the latest news from inside FREYR, learn more about our cross-sector battery roundtable in Washington, D.C. with the Business Council for Sustainable Energy (BCSE) and our participation in the BloombergNEF Summit in Munich, see how we fared in the CELSA GROUP relay, and more. https://bit.ly/4cPdCYd #batteries #energytransition #cleantech Business Council for Sustainable Energy (BCSE) Georgia Chamber of Commerce University of West Georgia Norges forskningsråd CELSA GROUP Wood Mackenzie BloombergNEF The smarter E