Breaking News

NEW YORK & OSLO, Norway & LUXEMBOURG–(Company WIRE)–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of cleanse, upcoming-technology battery mobile manufacturing capability, has announced the appointment of Andreas Bentzen, to the position of Executive Vice President (“EVP”) Technological innovation. Bentzen will come from the place of Co-Founder and Chief Technological innovation Officer for Otovo, a leading European supplier of photo voltaic panels and batteries for the household industry.

“Technology has been a important part of FREYR’s system given that working day 1, and it will go on to play a significant function as we tactic original output. Andreas has extensive encounter in making firms in the renewable electrical power sector. He possesses deep technological know-how about renewable strength and photo voltaic cells, which we see as highly appropriate for the battery market. Andreas will be vital to encouraging us reach our significant targets and retain our steadfast concentrate on making use of the ideal engineering offered,” stated Jan Arve Haugan, President and Managing Director of FREYR Battery Norway.

Bentzen started his career with REC Team in 2005, wherever he held numerous know-how roles and supported the progress of solar technologies. In 2011, he took on the role as Vice President of Technological know-how for REC in Silicon Valley, wherever he effectively improved output and efficiency for the company’s U.S. investigate and growth initiatives. After his tenure at REC, Bentzen founded his personal photo voltaic advisory firm in 2012, and afterwards worked with technological innovation approach and administration consulting across a number of industries. He then went on to co-identified Otovo in 2015, a organization that has due to the fact expanded throughout Europe and is now mentioned on the Oslo Inventory Trade.

“I have put in my occupation creating up the solar sector each within just analysis, market and customer-oriented organizations, and the future major challenge that awaits is to advance the battery cell business enterprise. I strongly think that batteries are important in the clear energy transition, and FREYR is properly-positioned to be a major participant in this vital industry. Technologies plays an crucial function in the improvement of thoroughly clean and effective battery alternatives. FREYR prioritized technology at an early stage of enhancement, which can make me both of those encouraged and energized to be a section of advancing this marketplace, conference the extraordinary desire, and developing FREYR into a international leading company of battery cells,” claimed Bentzen.

Bentzen holds a Grasp of Science from the Norwegian University of Science and Technologies (NTNU), as properly as a Ph.D. in Physics from the College of Oslo. He will think his new role in FREYR on September 1st.

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery methods to cut down worldwide emissions. Mentioned on the New York Stock Trade, FREYR’s mission is to make green battery cells to speed up the decarbonization of electricity and transportation devices globally. FREYR has commenced developing the initial of its planned factories in Mo i Rana, Norway and declared prospective enhancement of industrial scale battery cell generation in Vaasa, Finland and the United States. FREYR intends to provide up to 43 GWh of battery cell potential by 2025 and up to 83 GWh annual capability by 2028. To learn more about FREYR, make sure you stop by

Cautionary Statement About Ahead-On the lookout Statements

All statements, other than statements of current or historic simple fact involved in this press launch, like, with no limitation, statements about (i) FREYR’s posture as a primary participant in the battery mobile marketplace and a leading supplier of battery cells, (ii) the role of batteries in the thoroughly clean energy changeover, (iii) the capability of Dr. Bentzen’s knowledge in assisting FREYR access its superior targets and keep its steadfast target on employing the most effective technological know-how out there, (iv) technology’s role in the development of cleanse and productive battery solutions and (v) the desire for battery cells are forward-searching and include important dangers and uncertainties that could bring about the genuine effects to differ materially from the envisioned final results.

Most of these things are outside the house FREYR’s manage and tricky to predict. Information about things that could materially impact FREYR is set forth underneath the “Risk Factors” portion in FREYR’s Registration Assertion on Form S-1 submitted with the Securities and Trade Commission (the “SEC”) on August 9, 2021, as amended, and in other SEC filings accessible on the SEC’s web site at