Freyr Results Presentation Deck
4 KEY MESSAGES
FREYR
1. BUSINESS UPDATE
Work continues at the CQP:
The timeline for completion of commissioning has pushed beyond 4Q 2023
Implementing detailed plan that is expected to prevent additional delays
Giga America development:
ā
Focusing on two parallel tracks for development of large-scale project
Track 1: 24M platform
Track 2: Conventional technology
2. MINIMIZING GIGA ARCTIC SPENDING IN 2024
Prioritizing liquidity during scale up efforts at CQP and focusing on scaling opportunities to capture IRA incentives
Neither Norway nor the EU have offered a competitive scaling response to the IRA and/or Canada's variable cost offsets,
which are designed to counter China's structural cost advantages
Continuing to work with local, national, and European government stakeholders to place Norwegian battery cell
production on globally competitive economic footing
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