Pareto Securities Power
- Energy Renewable Conference
February 2022
Important notices
Forward looking statements
All statements, other than statements of present or historical fact included in this presentation, including, without limitation, regarding FREYR's ability to develop the world's cleanest and lowest CO2 lifecycle emissions batteries at giga scale; FREYR's anticipated path to commercialization; the development, timeline, capacity and other usefulness of FREYR's CQP and planned Gigafactories; the progress and development of customer offtake agreements and supply chain partnerships; FREYR's growing pipeline of commercial opportunities; FREYR's goal of full sustainability; the development and growth of FREYR's target markets; the scale and arrangements for any FREYR production facilities in North America; the progress and development of FREYR's partnerships and plans in Finland; frame agreements' ability to meet FREYR's raw material demands; FREYR's ability to source inputs locally and decarbonize the European battery supply chain; FREYR's decarbonization advantage's ability to yield cost savings and its competitive advantages on cost; and FREYR's ability to grow its customer portfolio and secure capital to fund expansion are forward-looking statements.
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Additional information about factors that could materially affect FREYR is set
forth under the "Risk Factors" section in (i) FREYR's Registration Statement on
Form S-1 filed with the Securities and Exchange Commission on August 9, 2021, as amended, and (ii) FREYR's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021, and available on the SEC's website at www.sec.gov.
Except as otherwise required by applicable law, FREYR disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
Today's Agenda
- FREYR strategic overview
- FREYR's opportunity: energy transition is accelerating
- Offtake agreements and commercial pipeline
- Supply chain development
- FREYR's carbon leadership
- Cost and margin profile
- Near-termpriorities
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FREYR in a Nutshell
Accelerating decarbonization by developing the world's cleanest batteries at Giga scale
Speed
Scale
Working to maximize speed to market of low-carbon,cost-competitive battery cells Capitalizing on projected supply shortfall as electrification accelerates Commercial proven technology to GWh scale in advantaged location
Targeting major addressable markets for electrification
Substantial unmet demand across ESS, EV & Commercial Mobility segments
Planning construction of ~43 GWh of capacity by 2025
100-150 GWh capacity
By 2030 83 GWh total across multiple
capacity geographies
By 2028 in The Nordics
and U.S.A.
Localizing supply chain based on low-cost renewable energy Sustainability Partnership-based approach for decarbonized low-cost RM supply
Deep interest from Asian providers to establish localized European/U.S. JVs
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2018 |
2019-2021 |
2021-2022 |
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▪ |
FREYR established |
▪ Built project execution team |
▪ |
Expanding execution platform |
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▪ |
Value proposition established |
▪ 24M partnership established |
▪ |
Securing strategic offtake |
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▪ |
Technology search initiated |
▪ NYSE listing for equity funding |
▪ |
Securing debt financing |
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▪ SOP CQP (Pilot Plant) |
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▪ |
Gigafactories final investment |
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4 |
decision (FID) |
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43 GWh capacity
By 2025 in The
Nordics
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2022-2025 |
Beyond 2025 |
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Establish localized, |
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▪ |
International expansion |
▪ |
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decarbonized supply chains |
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▪ |
43 GWh In operation |
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▪ |
Additional strategic initiatives |
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▪ |
Supply chain JVs |
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(1) lncludes potential joint ventures and other partnerships in multiple geographic regions by 2028.
FREYR's Anticipated Path to Commercialization
Focused on achieving milestones to build a global, giga scale player
July 2021
FREYR and Alussa Energy
complete combination; FREYR listed on NYSE
December 2020
Definitive technology
license agreement with 24M
2018
FREYR established with clear
strategic tenets of Speed, Scale and Sustainability
2022
Customer Qualification
Plant becomes operational
2022
Targeted >200 GWh combined conditional off-take agreements
October 2021
FREYR and Kock Strategic Platforms form U.S JV and invest in 24 Technologies
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Gigafactory 1+2 |
Additional factories |
Global scale |
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Targeted start-up of first |
Expansion in Mo i Rana |
Large scale, low cost and |
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production lines late in 2023 |
(Norway), Finland and US |
low emission player |
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Additional supply chain |
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JVs and facilities |
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Supply Chain JV |
>100 GWh |
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Targeted investment |
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decision and start up of |
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localized supply chain |
83 GWh
43 GWh
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2018-2021 |
2021-2022 |
2023-2024 |
2025 |
2028 |
2030 |
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FREYR Battery SA published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 19:52:12 UTC.
