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Who is Freyr battery?

FREYR Battery is a developer of clean, next-generation battery technology production capacity. The Company’s mission is to accelerate the decarbonization of global energy and transportation systems by producing clean, cost-competitive batteries.

Where is Freyr battery solutions made?

FREYR Battery Solutions will be locally manufactured in Norway and USA with a surplus of natural resources to supply raw materials. Leveraging our cutting-edge facilities and strategic locations, our long-term target is a reduction of CO2 emission compared to traditional far East Asian cells manufacturing.

Who is Freyr partnering with?

We are proud to be partnered with Trina Solar, a global manufacturing and solar technology leader.” commented Daniel Barcelo, FREYR’s newly appointed Chief Executive Officer. “Domestic manufacturing capacity for solar and batteries is essential for energy transition and job creation.

When will Freyr buy Trina Solar?

FREYR will acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas, which started production on November 1, 2024. The facility is expected to ramp up to full production in 2025 with production volumes backed by firm offtake contracts with U.S. customers. The transaction is expected to close year end 2024.

Does Freyr still own 24m?

Pursuant to the termination of the 24M license agreement, FREYR has no remaining financial obligations to 24M and no longer holds any equity ownership interest in 24M. A presentation will be held today, November 6, 2025, at 8:00 am EDT to discuss the transaction.

What is Freyr's EBITDA guidance for 2025?

In anticipation of the closing of the transaction and the start of solar module production at the Wilmer, Texas facility in Q4 2024, FREYR is initiating 2025 EBITDA guidance of $75 - $125 million and expects to exit 2025 at full-year run rate EBIDTA of $175 - $225 million.