Freyr Investor Day Presentation Deck
Important notices
Forward looking statements
All statements, other than statements of present or historical fact included in this presentation,
including, without limitation, the development, financing, construction, timeline, capacity, and
other usefulness of FREYR's CQP, Giga Arctic, Giga America, and other planned or future
production facilities or Gigafactories (collectively, the "FREYR Facilities"); the phased
development of Giga America consisting of an initial two production lines of 2.5 GWh of
nameplate capacity with targeted start of production in summer 2025, followed by an
additional eight production lines, yielding a combined total of 38 GWh of nameplate capacity
that could generate up to $8 billion in value to FREYR; the progress and expected outcomes
of FREYR's industrialization plans and capital formation; FREYR's targeted start of casting
electrodes at the CQP with active cathode and anode materials in 2Q, and to reach initial
battery production and additional milestones in 2023; the progress and development of
FREYR's strategic and financial partnerships, including the strategic coalition with Glencore
Plc, Caterpillar Inc., Siemens AG, and Nidec Corporation; the progress and development of
FREYR's joint ventures and partnerships; the exploration of FREYR's progress toward
additional debt or equity capital raises and project level financing efforts, including project
financing of Giga Arctic, project-level equity for Giga America, and securing other financial
support to fund FREYR's planned expansions; FREYR's ability to advance strategic initiatives
to further its aspirations to become an industrial partner of choice in the clean battery space;
FREYR's commitment to accelerating its development plans in the U.S. based on the
financial incentives attendant to the Inflation Reduction Act or from any state or local
governments and for Giga America to capture in excess of $4 billion in cash Production Tax
Credits under Section 45X of IRA; the anticipation that the Norwegian Government may
provide a favorable response to the Inflation Reduction Act and the EU's Temporary Crisis
Transition Framework;
FREYR
the expectation that the sample cells from the CQP will accelerate customer dialogueues, fortify
FREYR's competitive position, demonstrate the scalability of the 24M manufacturing process,
and satisfy key technical performance milestones; the progress of discussions that will further
FREYR's ambition to be a scaling partner of choice for leading parallel technology platforms
that target distinct and complimentary end market applications across the ESS, passenger EV,
and commercial electric mobility spaces; FREYR's partnership with Siemens to to achieve giga
scale battery production using Siemens' Xcelerator open digital business platform and to
significantly enhance FREYR's own ongoing developments in leveraging Al and digitally
enhanced simulation systems to improve future battery cell performance and reduce testing
and production lead-times; FREYR's intention to maximize sustainable long-term shareholder
value and enhance its competitive position; FREYR's intention to establish decarbonized and
localized supply chains, and expanding existing relationships with suppliers to include U.S.
plant development and pursuing backup and alternative sources of key material inputs; the
development of 24M Technologies, Inc.'s technologies and their use in the FREYR Facilities;
and the attainment of operational milestones 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 on
September 1, 2022, and (ii) FREYR's annual report on Form 10-K filed with the Securities and
Exchange Commission on February 27, 2023, and available on the SEC's website at
www.sec.gov. 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 press release. Should
underlying assumptions prove incorrect, actual results and projections could differ materially
from those expressed in any forward-looking statements.
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