Freyr Results 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 achievement of
key milestones at the CQP, including initial testing program for Nidec; the potential success of
any ongoing financing processes, including the targeted Giga America project equity raise of
up to $1 billion in early Q4 2023, the application with the U.S. Department of Energy Loan
Programs Office under Title XVII for Giga America Phase 1b, and the formalization by the
Norwegian Government financing institutions of Giga Arctic incentives package; FREYR's
plan to redomicile to the U.S. by year-end 2023 and any anticipated benefits of such change;
the projection that the European LFP market is likely to remain undersupplied into 2030; the
integration of Al and other next-generation technologies to battery manufacturing; the
anticipated Norwegian response to the U.S. Inflation Reduction Act ("IRA") and FREYR's
ability to secure the Norwegian government's support for Giga Arctic, including the
formalization of a financial support package; the accelerated development of Giga America,
including FREYR's ability to raise $1 billion of project-level equity and receive U.S.
Department of Energy loan and grant support, secure pre-construction and construction
permits and operations approvals, procure equipment, negotiate utilities contracts, and start
construction in 4Q 2023; FREYR's ability to achieve giga scale production through
participation in IRA incentives and any potential benefits of the IRA; the strong interest from
potential strategic, industrial and financial partners at project levels to provide financing;
FREYR's ability to balance speed of capital deployment with commitment to a strong liquidity
profile; FREYR's delivery of first sample cells to Nidec for testing; the predicted persistence of
a deep market short for ESS solutions; FREYR's ability to deliver technology validation,
capital formation, and industrial partnerships; the progress and expected outcomes of
FREYR's industrialization plans and project financing are forward looking statements.
FREYR
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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