FREYR Battery (FREY) Misses Q1 EPS by 16c

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FREYR Battery Reports First Quarter 2022 Results

May 11, 2022 7:10 AM EDT

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)-- FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, today reported financial results for the first quarter of 2022.

Highlights of the first quarter 2022 and subsequent events:

Signed conditional offtake agreement (COA) with Powin LLC to supply 28.5 GWh of cumulative volumes from 2024 2030 for Energy Storage Systems (ESS) applications. The cells will initially be delivered from FREYRs combined Gigafactory 1 & 2 in Mo i Rana, Norway, with prospective future collaboration in the U.S. Secured a COA with a leading... More