Today's Date: March 2, 2024
Duncan's First Nation celebrates the opening of a new water treatment plant   •   Children’s Hospital Los Angeles Launches Ninth Annual Make March Matter® Fundraising Campaign   •   Ventas to Participate in Investor Meetings at Citi 2024 Global Property CEO Conference   •   The Family Initiative (TFI) Becomes One of the Largest Community-Based Care Child Welfare Agencies in the U.S.   •   1,000 Dream Fund Kicks Off Women's History Month Celebration with Twitch Charity Fundraiser in Partnership with Twitch Women's U   •   /C O R R E C T I O N -- Lexus/   •   Croptimistic Releases Inaugural Sustainability Report   •   American Cancer Society Receives NBA Foundation Grant to Increase Underrepresented Students Entering Cancer Research Careers   •   Robust AI: Transforming Education and Healthcare with AI-Powered Teacher Apps   •   Barnes & Noble Education Receives Continued Listing Standard Notice From NYSE   •   Pittsburgh 12th Grader Selected to Join Million Girls Moonshot Flight Crew   •   Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance cam   •   EMPOWER Leads Foster Care Services for All Children and Families in the Metroplex East Region   •   Strong Tower Consulting Named One of the Best Places to Work in Consulting   •   WM Elects Tom Bené to Board of Directors   •   Standing Buffalo and Canada sign roadmap to advance reconciliation and rebuild their relationship   •   Canada is connecting more than 150 Northwest Territories households to high-speed Internet and bringing mobile connectivity to r   •   Minister Qualtrough announces investments in sport and physical activity opportunities for Indigenous communities   •   AHF Opens Food Pantry for San Diego Veterans   •   University of Phoenix Continues Nationwide Networking Series, "Small Bites, Big Connections," Fostering Alumni Community Bonds
Bookmark and Share

FREYR Battery Provides Operations Update

NEW YORK & OSLO, Norway & LUXEMBOURG , November 29 /Businesswire/ - FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the company’s operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway.

Successful automated cathode casting trials

Following successful adjustments to the cathode casting equipment that included updates to the vacuum system, last week, FREYR’s teams at the CQP commenced automated cathode casting runs at a minimum nozzle distance of 0.26 mm.

The CQP teams have subsequently conducted successful cathode casting runs using the cathode web and solvent slurry at fixed nozzle distances of 0.5 mm and 1.0 mm, respectively, and at speeds of 2 meters per minute while using 100 psi of casting pressure. These successful automated cathode casting runs with solvent slurry were an important precursor to completing the Casting and Unit Cell Assembly commissioning packages and the eventual start of automated CQP production.

“I am very pleased to share that our teams at the CQP have reached another important interim technical milestone,” commented Mike Brose, FREYR’s Head of the Asset Mo team. “In doing so, our people and partners have demonstrated their collective ability to systematically link small but critical steps together to achieve the required outcome. We are able to integrate this vital part of the SemiSolidTM technology platform only because of the many milestones already completed together over the last several months by the FREYR Asset Mo team, our coworkers around the world, and our valued partners and suppliers. As we look forward to 2024, FREYR’s top priority is to finalize commissioning at the CQP and to begin automated production of in-spec, customer-testable batteries. With this latest milestone behind us, we will continue to apply unwavering focus to the remaining tasks that are necessary to achieve that goal.”

CQP commissioning status and key next steps

Following the successful automated cathode casting trials, FREYR has completed handovers of 342 (88%) of the 388 discrete production line equipment commissioning and testing packages at the CQP. The test center packages and handovers to operations are all complete.

The next technical requirements to stay on track with FREYR’s anticipated completion cadence at the CQP are:

  • Replicate the successful automated cathode casting trials with the anode production line system; and
  • Integrate the casting webs across the cathode, anode, and merge units of the Casting and Unit Cell Assembly equipment using the highly complex Multi-Carrier Systems (“MCS”) to reach automated cell production.

About FREYR Battery

FREYR Battery is a developer of clean, next-generation battery cell production capacity. The company’s mission is to accelerate the decarbonization of global energy and transportation systems by producing clean, cost-competitive batteries. FREYR seeks to serve the primary markets of energy storage systems (“ESS”) and commercial mobility, and the company maintains an ambition to serve the passenger electric vehicles market (“EV”). FREYR’s Customer Qualification Plant (“CQP”) for technology development is in service in Mo I Rana, Norway, and the company is commencing development of the Giga America battery manufacturing project in Coweta County, Georgia, in the U.S. To learn more about FREYR, please visit

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this letter, including, without limitation, the development, construction, timeline, capacity, and other usefulness of FREYR Battery’s (“FREYR”) production facilities or gigafactories; FREYR’s ability to complete commissioning of its Customer Qualification Plant (“CQP”) and to achieve targeted improvements and the commencement of automated production of in-spec, customer-testable cells; FREYR’s ability to complete the technical requirements to stay on track with its anticipated completion cadence at the CQP; FREYR’s ability to carry out any successful future trials, implementation or integration of cathode testing and other technology to reach automated cell production; and the implementation and effectiveness of FREYR’s overall business and technology strategies are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside FREYR’s control and are difficult to predict. Additional information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”) on September 1, 2022, (ii) FREYR Battery, Inc.’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023, and October 31, 2023, (iii) FREYR’s Annual Report on Form 10-K filed with the SEC on February 27, 2023, and (iv) FREYR’s Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2023, August 10, 2023 and November 9, 2023 and available on the SEC’s website at Except as otherwise required by applicable law, FREYR disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this presentation. Should underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in any forward-looking statements.

FREYR intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on FREYR’s website in the ‘Investor Relations’ sections. FREYR also intends to use certain social media channels, including, but not limited to, Twitter and LinkedIn, as means of communicating with the public and investors about FREYR, its progress, products, and other matters. While not all the information that FREYR posts to its digital platforms may be deemed to be of a material nature, some information may be. As a result, FREYR encourages investors and others interested to review the information that it posts and to monitor such portions of FREYR’s website and social media channels on a regular basis, in addition to following FREYR’s press releases, SEC filings, and public conference calls and webcasts. The contents of FREYR’s website and other social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

STORY TAGS: Automotive, Technology, EV/Electric Vehicles, Environment, Batteries, Green Technology, New York, Business Update, North America, United States, Europe, Norway, Luxembourg,


White House Live Stream
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News