Following the Swedish company Northvolt, the […] Wilson Sonsini Goodrich & Rosati P.C. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe's largest battery cell … ENOVA is an enterprise owned by the Ministry of Climate and Environment. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. FREYR’s Relevance. FREYR | 3,389 followers on LinkedIn. The Company is partnering strategically on next-generation semi-solid battery cell technology that is expected to materially reduce manufacturing costs and provide a highly competitive market position for FREYR. Sie sind ein zusammengehöriges Götterpaar, wie es auch bei Dianus und Diana, Liber und Libera der Fall war. FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably sourced supply chain. Pubco’s common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. FREYR is pleased to announce the appointment of Gery Bonduelle as EVP Sales. FREYR AS, a Norway-based developer of clean, next-generation battery cell production capacity, today announced that it will become a publicly listed company through a business combination with Alussa Energy Acquisition Corp., (NYSE: ALUS), a Cayman Islands exempted, publicly listed special purpose acquisition company (“SPAC”). Posted January 12, 2021 by Tom Lombardo & filed under Newswire, The Tech.. FREYR and 24M have signed an agreement to use 24M’s SemiSolid lithium-ion battery platform technology in FREYR’s planned facilities in Norway.. FREYR is targeting a production capacity of over 40 GWh of scalable, modular battery cells via … Wie FREYR mitteilt, beträgt der Pro-forma-Eigenkapitalwert des gemeinsamen Unternehmens nach der Transaktion 1,4 Milliarden US-Dollar. FREYR and Alussa Energy will host a joint investor conference call to discuss the proposed business combination today, Friday, January 29, 2021 at 8:00 EST/14:00 CET. This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. If you want to invest in Battery player chose microvast if they get DA with THCB. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. None of Alussa Energy, Pubco or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. You are welcome to view the presentation to learn more about FREYR. The transaction represents a pro forma equity value of $1.4 billion for the combined company upon closing which will be named “FREYR Battery” (“Pubco”). FREYR is developing a 32 GWh battery-cell facility (so called Giga-factory), one of the largest in Europe, based on 100% renewable energy in Rana Municipality in Nordland County. Kite Hill PR LLC acted as the public relations advisor to Alussa Energy. FREYR has entered into a definitive business combination agreement with Alussa Energy Acquisition Corp. (NYSE: ALUS); upon closing, the combined company will be renamed “FREYR Battery” and be listed on the New York Stock Exchange under the new ticker symbol “FREY”, FREYR’s mission is to accelerate the decarbonization of transportation and energy systems by delivering the world’s cleanest and most cost-effective batteries, FREYR is expected to receive approximately $850 million in equity proceeds as a part of the business combination, enabling the company to accelerate the development of up to 43 GWh of clean battery cell manufacturing capacity in Norway by 2025, Transaction includes a $600 million fully committed Private Investment in Public Equity (“PIPE”) anchored by strategic and institutional investors, including Koch Strategic Platforms, Glencore, Fidelity Management & Research Company LLC, Franklin Templeton, Sylebra Capital and Van Eck Associates Corporation, 100% of FREYR’s existing shares will roll over into in the combined company, Pro forma equity value of the combined company would be approximately $1.4 billion. FREYR will supply high energy density and cost competitive clean batteries to rapidly growing markets globally using best available technology and globally leading partners powered by low-cost, renewable hydro and wind power. We are truly excited to share our ambition with Alussa Energy and some of the leading international investors as we embark on our plan for the production of one of the most environmentally friendly battery cells in the world. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the Transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands. FREYR, a Developer of Clean, Next-Generation Battery Cells, to List on NYSE Through a Business Combination with Alussa Energy Acquisition Corp. Posted on 01/29/2021 9249 Freyr (Old Norse: Lord), sometimes anglicized as Frey, is a widely attested god in Norse mythology, associated with sacral kingship, virility, peace and prosperity, with sunshine and fair weather, and with good harvest.Freyr, sometimes referred to as Yngvi-Freyr, was especially associated with Sweden and seen as an ancestor of the Swedish royal house. Skadden Arps, Slate, Meagher & Flom LLP served as M&A legal counsel to Alussa Energy, Ellenoff Grossman & Schole LLP served as securities counsel to Alussa Energy, Wiersholm AS served as Norwegian counsel to Alussa Energy, and Appleby (Cayman) Ltd served as Cayman Islands legal counsel to Alussa Energy. Daniel Barcelo, Chief Executive Officer and Founder of Alussa Energy, commented, “We are excited and privileged to partner with FREYR, as this transaction represents a compelling investment opportunity to address the rapidly growing market for electrification of global transportation and energy systems. The Norwegian company Freyr is planning a 32 GWh battery cell factory in Norway and has now signed a Memorandum of Understanding with Siemens Energy and Elkem each on the supply of cells and anode active materials. And guess what, as /u/idunn0rick pointed out in the comments, 24m, FREYR's technology partner whose platform they're using, has achieved 400-500 Wh/kg cell energy density which surpasses what QuantumScape has advertised, and that Freyr is in talks with a large, undisclosed Asian battery cell producer (minute 11:45) that’s keen on coming to Norway. Freyr plans to use the proceeds to develop up to 43 GWh of clean battery cell production capacity at the Mo i Rana industrial complex in Norway by 2025. We evaluated over 75 investment opportunities across the global energy and energy transition sectors since our IPO in late 2019, and FREYR clearly stood out as a frontline player in adopting leading-edge battery technology to address a significant and growing market with a unique commitment to full-cycle sustainability. The transaction implies an equity value of FREYR of approximately $410 million. FREYR is developing environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway. Most of these factors are outside the control of Alussa Energy, Pubco or FREYR and are difficult to predict. FREYR offers a clean Nordic solution to the rapidly growing global demand for high-density and cost competitive battery cells for electric mobility, energy storage system and marine and aviation applications. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably sourced supply chain. Following the Swedish company Northvolt, another Nordic startup, Freyr, is planning to build battery cell factories in the […] Uiteraard bieden wij een betrouwbare inseminatiedienst voor een aantrekkelijk tarief. The first plant should be located in Rana, Norway and greater plans for a “Nordic Battery Belt” with at least ten plants are in the pipeline. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. These forward-looking statements include, without limitation, Alussa Energy’s, Pubco’s and FREYR’s expectations with respect to future performance of the combined company, anticipated financial impacts of the Transaction, the anticipated addressable market for the combined company, the satisfaction of the closing conditions to the Transaction, the exchange ratio (which is subject to certain inputs that may change prior to completion of the Transaction) and the timing of the completion of the Transaction. FREYR | 3,389 followers on LinkedIn. Their presentation speaks of potential 2025 revenues and EBITDA if things go well (Page 6). On 21 January, our CEO Tom Einar Jensen presented at Pareto Securities’ 23rd Power and Renewable Energy Conference in Oslo. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Based on their capacity, this alone should give them an enterprise value of several billion compared to similar battery manufacturers on the public market. We believe our partnership-based business model positions FREYR to accelerate long-term value creation by targeting sustainable, superior returns to our shareholders and stakeholders.”, Torstein Dale Sjøtveit, Founder and Executive Chairman of FREYR, continued, “FREYR has attracted a diversified and experienced team, partners and initial customers in a short period of time. The business combination values the combined company at an implied $1.4 billion pro forma equity value. Die Stammaktien des Unternehmens werden voraussichtlich im zweiten Quartal 2021 an der New Yorker Börse gehandelt. Credit Suisse Securities (USA) LLC, BTIG, LLC and BTIG Norway AS acted as the financial advisors to Alussa Energy. 2,500 Direct Jobs Creation. We see this transaction as a strong confirmation of FREYR’s growth potential enabled by cutting-edge technology and access to clean renewable energy. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The license agreement grants Freyr rights to unlimited production of battery cells based on 24M’s current […] FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably … FREYR is developing environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. For more information, please visit www.freyrbattery.com. FREYR, a Developer of Clean, Next-Generation Battery Cells, to List on NYSE Through a Business Combination with Alussa Energy Acquisition Corp. January 29, 2021 Announcement Press Release Alussa Energy shareholders and other interested persons may obtain more detailed information regarding the names and interests in the Transaction of Alussa Energy’s directors and officers in Alussa Energy’s and Pubco’s filings with the SEC, including when filed, the S-4 and the Proxy Statement. FREYR AS has received a NOK 142 million-grant (USD 16.4 million) from the Norwegian Ministry of Climate and Environment through ENOVA SF as part financing for the development and construction of a pilot plant in Mo i Rana, Norway, which will be FREYR’s initial clean battery cell production facility.. ENOVA is an enterprise owned by the Ministry of Climate and Environment. For more information, please visit www.alussaenergy.com. 32 GWh Battery Cell Factory & 600 MW Wind-park Creating Carbon Positive Low Cost Storage Solutions. The Norwegian company Freyr that is planning to build a large battery cell factory in Rana, Norway, has signed a licensing agreement with cell specialist 24M Technologies. Bonduelle is a professional within energy storage solutions technology and sales, and will lead FREYR’s commercialization of clean, next-generation battery cells targeting the rapidly growing global markets for electric vehicles, energy storage, and marine applications. Η Freyr Battery θα συγκεντρώσει καθαρά 850 εκατομμύρια δολάρια σε … Finally, Freyr doesn't appear to be very far along in the commercialization process. per year Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe's largest battery cell suppliers. 11:40 12:30 Lunch and Networking Crux Advisers AS acted as investor relations and communications adviser to FREYR. 10X Growth In Demand. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. No Current Large Scale Battery Cell Supply in Europe Against A Need Of 300 GWh By 2025. We have full confidence that FREYR’s experienced execution team, combined with the capital resources from this transaction, including strategic investors Koch Strategic Platforms and Glencore, makes the Company well-positioned to play a transformational role in decarbonizing global energy and transportation markets.”, Tom Jensen, Chief Executive Officer of FREYR, said, “We believe the combination of foundational capital from committed investors with commercially available, advanced battery solutions is the fastest way to accelerate the energy transition. 29 January 2021 saw Norwegian battery start up Freyr announce plans to list on the NYSE via a special purpose acquisition company (SPAC) as part of a business combination agreement with Alussa Energy Acquisition Corp. (Alussa) at a valuation of $1.4bn. Additional information about the proposed transactions contemplated by the business combination agreement (the “Transaction”), including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Alussa Energy with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. Keynote-Präsentation:Investing in Building a Strong Pan-European Battery Industry to Capture a New Market Worth 250B€/Year in 2025 Präsentation: … 32 GWh of Battery Cells Will Power Europe’s Growing Appetite For Batteries. served as U.S. legal counsel to FREYR, and Advokatfirmaet BAHR AS, served as Norwegian legal counsel to FREYR. FREYR In A Nutshell. 100% of FREYR’s existing shares will roll over into the combined company. Moving ahead, FREYR will focus on executing our project plans, attracting more talent, cultivating partnerships and providing our customers with sustainable and cost-effective clean battery cells.”, Todd Kantor, Portfolio Manager of Encompass Capital Advisors LLC, a Member of Alussa Energy’s Sponsor, added, “As a hedge fund primarily focused on investing across the energy eco-chain, we view FREYR as one of the most exciting investment opportunities in the energy transition movement, particularly given the Company’s potential to deliver innovative electrification solutions through a sustainable and clean platform.”. FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. Durch seine Attribute wird er zudem als Gott der Fruchtbarkeit und der … Freyr expects the European demand for battery cells will exceed 300 GWh by 2025, driven by accelerating the electrification of transportation solutions by European car manufacturers (OEM). The US American spin-off is known for the development of ‘semi-solid’ technology. Freyr is another SPAC hype \ give me money I have plans to build a business.. Microvast already has 16Gwh capacity which Freyr target to reach by 2026.. FREYR … FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. Article Stock Quotes (1) … Alussa Energy, Pubco and FREYR and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Alussa Energy ordinary shares in respect of the proposed business combination. Alussa Energy’s, Pubco’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. The Company’s solutions will address the rapidly growing global markets for electric vehicles, energy storage, and marine applications, representing an estimated addressable market of about 5,000 GWh per year by 2030. FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (2) the inability to consummate the Transaction, including due to failure to obtain approval of the shareholders of Alussa Energy or other conditions to the Closing in the Business Combination Agreement; (3) the failure of investors in the PIPE to fund their commitments upon the Closing; (4) delays in obtaining or the inability to obtain any necessary regulatory approvals required to complete the Transaction; (5) the inability to obtain the listing of Pubco’s ordinary shares on the New York Stock Exchange following the Transaction; (6) the risk that the Transaction disrupts current plans and operations as a result of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; (8) costs related to the Transaction; (9) changes in applicable laws or regulations; (10) the effect of the COVID-19 pandemic on Alussa Energy, Pubco and FREYR and their ability to consummate the Transaction; (11) the possibility that Alussa Energy, Pubco or FREYR may be adversely affected by other economic, business, and/or competitive factors; and (12) other risks and uncertainties to be identified in the registration/proxy statement (when available) relating to the Transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, Pubco and FREYR. The Company’s ambition is to become the battery cell producer with the lowest lifecycle carbon footprint in the world. The investment came after Glencore signed a memorandum of understanding in December 2020 to supply Freyr with ethically sourced and traceable raw materials for lithium-ion batteries. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. FREYR, a Developer of Clean, Next-Generation Battery Cells, to List on NYSE Through a Business Combination with Alussa Energy Acquisition Corp. NEW YORK, NY and OSLO, Norway, January 29, 2021 -- FREYR AS, (the “Company” or “FREYR”), a Norway-based developer of clean, next-generation battery cell production capacity, today announced that it will become a publicly listed company through a business combination with Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS), a Cayman Islands exempted, publicly listed special purpose acquisition company (“SPAC”). ©2021 All Rights Reserved Freyr AS. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR or Pubco audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release. European battery manufacturer FREYR said Friday it would become a publicly traded company through a special purpose acquisition vehicle with a valuation at $1.4 billion. Freyr KI-service is een onafhankelijke KI-organisatie met voor veehouders een breed aanbod aan diensten en producten op het gebied van vruchtbaarheid en fokkerij. FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably sourced supply chain. FREYR plans to utilize Norway’s inherent advantages, including access to renewable energy, some of Europe’s lowest electricity prices and shorter delivery distances to main markets in Europe and the US as compared to competitors in Asia. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. The Company’s ambition is to become the battery cell producer with the lowest lifecycle carbon footprint in the world. No representations or warranties, express or implied, are given in respect of this press release.