FREYR Battery Targets Strategic Coalition with Four Major Global Partners

The non-binding alliance may establish guiding principles including:

1. A shared vision of battery technology as critical to the energy transition;
2. A commitment to collectively scale up the deployment of batteries in Europe, North America and beyond to support our respective sustainability goals and the decarbonization of our customers’ operations;
3. Collaboration on the development of novel solutions and service offerings suited to the low carbon energy system of tomorrow; and
4. Development of robust, sustainable, and circular supply chains for battery materials and technology.

“We are exceedingly pleased to announce the emergence of this new global strategic coalition with four premier global industrial and energy companies,” commented FREYR’s Co-founder and Chief Executive Officer, Tom Einar Jensen.

“This announcement represents an important first step for FREYR and our four potential global partners as we launch this commercial initiative. Ultimately, FREYR’s vision for this coalition is to accelerate the energy transition across key sectors by scaling up clean battery production from FREYR’s gigafactories under development, and to incubate and develop innovative technology solutions together.”

When formally formed, the strategic coalition of partners should facilitate exploration of mutual areas of interest along the battery value chain. Potential arenas of commercial collaboration include battery cell manufacturing; pack and module integration; digital and software services; mining and refining; power market stationary storage applications; electric transportation; and recycling/end-of-life solutions.