FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States

NEW YORK & OSLO, Norway & LUXEMBOURG–(BUSINESS WIRE)–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the formation of a joint venture (“JV”) in the United States between Koch Strategic Platforms (“KSP”) and FREYR. The JV, which has a 50%/50% ownership structure, has been established to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the U.S. based on 24M Technologies (“24M”) Sem

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