Freyr Investor Day Presentation Deck
Update on financing initiatives
Key capital formation activities proceeding in parallel
Corporate Financing
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Giga Arctic Financing
Traditional debt project financing making continued progress (ECAS, EIB, NIB, banks)
Participating in government grant processes (Europe and Norway)
Norwegian IRA response key to global competitiveness and capital structure, and drives timing for next phase of construction
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Giga America Financing
Project level equity raise in process (for Phase 1a)
DOE LPO Title XVII application (for Phase 1b) process has commenced
Traditional project financing process starting (for Phase 1b) in parallel
All financing initiatives bolstered by U.S. IRA (45X Production Tax Credits)
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$1 billion of common equity raised (2021, 2022)
Balancing speed of capital deployment with commitment to strong liquidity profile
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Multiple sources of financing available – banks, governments, strategic partners, private capital, public capital
FREYR
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