Freyr Results Presentation Deck
CQP UPDATE
CURRENT STATUS
The timeline to complete
commissioning has pushed beyond 4Q
●
2023
FREYR announced two key technical
milestones at the CQP during 3Q 2023
• Introduction of automated casting with
live electrolyte in dry room environment
and commissioning and testing of
merge unit have not been completed
Continuing to identify and address
tasks on critical path
FREYR
WHAT'S CHANGED AND WHAT
WE'VE LEARNED
●
Completion of commissioning has
proven to be more difficult than we
originally thought
●
High complexity of commissioning
Casting & Unit Cell Assembly
equipment
Problem solving during commissioning
process continues to reveal difficult
but surmountable engineering and
scaling challenges
IMPLEMENTING PLAN TO PREVENT
FURTHER DELAYS
Applying One Plan and One Team
approach
Enhanced involvement of
technology and battery subject
matter experts
• Increased coordination and day-to-
day involvement with vendors and
partners
FREYR has established a dedicated
Technology Advisory Board consisting
of subject matter experts
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