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FREYR Battery
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Parent company

Short description

Manufacturer and developer of battery cells

Founded in 2018
Founded in

Company type Public Public (FREYR)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Norway Norway
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Updated by Cleantech Group on 12/29/2024

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Date Company
01/19/2022

Honeywell Honeywell

FREYR will leverage Honeywell’s various relevant technology offerings, such as industrial software, integrated automation, field instrumentation and security integration solutions into its manufacturing processes, subject to viability. Honeywell meanwhile will purchase 19GWh of FREYR’s battery cells between 2023 and 2030.

Confirmed by Honeywell

Partnerships
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Date Partner Type
10/04/2022
HENT AS HENT AS
HENT will construct FREYR´s battery factory in Norway, Giga Arctic
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Confirmed by HENT AS
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Investment Rounds
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IPO INFORMATION

Date

07/08/2021

IPO status

Listed

IPO Type

SPAC

Amount

$704M

Initial shares

Ticker symbol

FREYR

Exchange listed

NYSE

Prospectus URL

Prospectus

Source URL

Source

Description

Freyr and Alussa Energy Acquisition Corp a Cayman Island exempted special purpose acquisition company, announced the completion of their previously announced business combination. FREYR expects to receive $704 million in gross proceeds. including $600 million in gross proceeds from the issuance of a PIPE transaction anchored by strategic and institutional investors.

Date Investors Type Amount
11/06/2024 (0)
Post-money valuation of
Follow-on Public Offering
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