FREYR Battery Awarded €100M EU Innovation Fund Grant To Support Development Of FREYR's Giga Arctic Project In Norway
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery has been awarded a €100M grant from the EU Innovation Fund to support the development of its Giga Arctic Project in Norway.
July 13, 2023 | 3:07 pm
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FREYR Battery, listed as FREY, has received a significant financial boost from the EU Innovation Fund. This could potentially accelerate the development of its Giga Arctic Project.
The €100M grant from the EU Innovation Fund is a significant financial boost for FREYR Battery. This could potentially accelerate the development of its Giga Arctic Project, which in turn could lead to increased revenues and profitability in the future. This is likely to have a positive impact on the company's stock price in the short term.
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