Clean Battery Solutions for a Better Planet

Aiming to be the Lowest Carbon Battery Cell Producer in the World Projected Battery Cell Life Cycle Emissions Life cycle emissions kg CO₂e/kWh 80 70 FREYR 60 60 50 50 40 40 30 20 10 FREYR China North America Europe Other Asia Other 0 0 100 200 300 400 500 600 700 800 900 1,000 1,100 FREYR Clean battery solutions 1,200 Plant size, GWh FREYR expects to have the lowest emissions in the industry European & North American producers projected to lead on emissions globally Majority of production will remain located in Asia, primarily in China Source: Study commissioned from global management consultancy, Company estimate, press search 13

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