FREYR Battery Targets Strategic Coalition with Four Major Global Partners - Seite 2

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, non-binding commitment of the coalition to collectively scale up the deployment of batteries in Europe, North America and beyond; the coalition’s collaboration on the development of novel solutions and service offerings; the coalition’s development of robust, sustainable, and circular supply chains for battery materials and technology: the realization of FREYR’s vision for this coalition to accelerate the energy transition across key sectors by scaling up clean battery production from FREYR’s gigafactories under development; formal formation of the coalition to facilitate exploration of mutual areas of interest along the battery value chain; and potential commercial collaboration on 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 are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause 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 U.S. Securities and Exchange Commission (the “SEC”) on September 1, 2022 and (ii) FREYR's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 27, 2023, and available on the SEC’s website at www.sec.gov.

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The FREYR Battery Stock at the time of publication of the news with a raise of +3,93 % to 6,986EUR on Tradegate stock exchange (28. März 2023, 12:02 Uhr).