Clean Battery Solutions for a Better Planet
FREYR Positioned as a Low-Cost Producer
Projected 2025 Global Battery Cell Cost 1)
Cell Cost
$/kWh
140
120
100
FREYR 2)
80
60
40
40
20
20
FREYR vs Bottom 5
-53%
FREYR
China
USA
Europe
FREYR projected cost leadership in 2025 is
intended to be achieved by:
Utilizing state-of-the-art production
technology to significantly simplify
manufacturing process & reduce raw
material costs
Leveraging a deep partnership model to
unlock value chain innovation & lower
costs
Catalyzing a Nordic ecosystem that
leverages low-cost renewable energy
100
200
300
400
500
600
700 800
900
1,000 1,100
South Korea
Japan
Other
Plant Size, GWh
1) Total cost including profit to ensure ROI for various battery cell manufacturing factories based on outside-in estimates
2) FREYR P&L result divided by capacity produced in 2025 for all materials except for cathode, based on data from 24M
FREYR
Clean battery solutions
Source: Study commissioned from global management consultancy
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