Freyr SPAC Presentation Deck
Lower Cost Solutions Accelerate Battery Demand Across Markets
Global Battery Demand Expected to Reach ~5,300 GWh by 2030
CAGR, 2020-30
Passenger Vehicles
Energy System Storage
Commercial Vehicles
Other
Total
191
2018
228
2019
241
2020
37%
44%
41%
13%
32%
FREYR
Clean battery solutions
406
2021
590
2022
829
2023
1) Includes an increased adoption of ESS systems with a lower cost offering similar to the Company
1,068
2024
Note: The indicated outlook should not be construed as estimates or guidance for future developments of the Company
1,410
214
196
193
806
2025
1,926
2026
2,622
2027
3,402
2028
GWh installed/year
4,264
2029
5,292
365
388
670
3,869
2030
Other
Commercial Vehicles
Energy System Storage ¹)
Passenger Vehicles
Source: Study commissioned from global management consultancy
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