FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors - Seite 2

Tore Ivar Slettemoen is the Chairman of Teknovekst AS - Vanir, an institutional investment fund focused on high-growth energy transition investments. He developed the concept and founded FREYR Battery, has worked extensively in project development across the traditional and renewable energy sectors, and has deep experience in scaling up and developing energy transition technology companies. Mr. Slettemoen currently sits on the Boards of Directors of Blastr Green Steel (private); Freija (private), a carbon-neutral eLNG fuels company; and Vanir Green Industries (private). Mr. Slettemoen holds an MSc degree in Mechanical Engineering from the Norwegian University of Science and Technology, and an MBA from the Kellogg School of Management at Northwestern University.

Mr. Slettemoen commented, “As a founding investor and long-term shareholder in FREYR, I am confident that batteries will be a cornerstone of the energy transition, which underpins FREYR’s opportunity to establish a leading competitive position as a U.S.-based battery technology industrialization partner of choice in an industry that is undergoing exponential growth. As a director, I look forward to contributing to FREYR’s commitment to create long-term shareholder value.”

David Manners is the Founder and Owner of the Decapolis Group LLC, an international consulting firm focused on global oil and gas and renewable energy projects. Prior to founding the Decapolis Group in 1999, he served for 20 years at the U.S. Central Intelligence Agency (“CIA”), which included multiple tours abroad and serving on two occasions as the CIA’s Chief of Station. Separately, Mr. Manners has for many years provided analyses of global affairs and risks to leading U.S. investment banks, hedge funds, and private equity firms. Mr. Manners graduated with Merit from the United States Naval Academy with a B.S. in European Studies, and he holds an M.A. in Government from Georgetown University.

“Batteries are a critical element of the accelerating energy transition on the global stage, and the development of localized supply chains and production capacity in the Western hemisphere are fundamental to energy security, the acceleration of technical knowhow, and other key geostrategic objectives,” commented David Manners. “As an emerging battery producer, FREYR has a vital role to play in the development of the nascent Western hemisphere battery industry. I am excited about the opportunity to serve on FREYR’s Board and to support such an important undertaking.”