FREYR Battery Announced That The U.S. Department Of Energy Has Invited The Company To Submit The Part II Loan Application Under The Doe Title 17 Program For FREYR's Giga America Project
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery has been invited by the U.S. Department of Energy to submit a Part II loan application for its Giga America project under the DOE Title 17 program. This invitation is a step forward in securing funding for the project, which aims to scale up battery production.
December 18, 2023 | 11:12 am
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POSITIVE IMPACT
FREYR Battery's invitation to submit a Part II loan application by the DOE for its Giga America project could positively impact investor sentiment and potentially secure significant funding for the company's expansion.
The invitation from the DOE to submit a Part II loan application is a positive development for FREYR Battery, indicating progress in the funding process for its Giga America project. This news is likely to be viewed favorably by investors as it enhances the company's credibility and the feasibility of its expansion plans. The potential financial support from the DOE could significantly reduce capital risks and support the company's growth trajectory, which may lead to a positive short-term impact on FREY's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100