Clean Battery Solutions for a Better Planet
FREYR at a Glance: Addressing the Life Cycle Carbon Footprint of Battery Cells
Delivering clean, low-cost battery cells from an ethically and
sustainably-sourced supply chain
CEREYR
N
Cell production is the segment with the highest revenue share
within the battery value chain
X
Strategic partnering of next-generation semi-solid battery cell
technology is expected to materially reduce costs
Leveraging Norway's skilled workforce and abundant, low-cost
renewable energy sources to target net zero carbon
Planning for ~43 GWh of capacity by 2025 to position as one
of Europe's largest cell suppliers, displacing dependency on
Asian imports
Projected 2025e Revenue and EBITDA of $2.9 billion and
$703 million, respectively 1)
1)
See Slide 33 for key assumptions and additional details
2) Global average based on stated sources, FREYR data based on company projections
FREYR
Clean battery solutions
Targeting Lower
Carbon Footprint 2)
(kg CO2/kWh)
Targeting Lower
Battery Cell Costs 2)
($/kWh)
81% Lower
20% Lower
~80
$78
~15
Global average
FREYR
Global average
$62
FREYR
Source: Study commissioned from global management consultancy
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