FREYR Achieves Major Milestone in Battery Cell Production at Norwegian Plant
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery (NYSE:FREY) has achieved a significant milestone in battery cell production at its Customer Qualification Plant in Norway. The company successfully produced unit cells in a continuous process, enhancing the technical and economic competitiveness of its SemiSolid™ technology. FREYR aims to reach nominal production speeds, produce multi-layer battery cells, and secure additional development capital.
June 24, 2024 | 10:06 am
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FREYR Battery has achieved a major milestone in continuous battery cell production at its Norwegian plant, enhancing its SemiSolid™ technology. This positions the company to improve material composition, increase production speeds, and produce multi-layer battery cells. The company will also seek additional development capital.
The successful production of unit cells in a continuous process is a significant technical achievement for FREYR, enhancing its SemiSolid™ technology. This positions the company to improve production efficiency and competitiveness, which is likely to positively impact its stock price in the short term. Additionally, the pursuit of further development capital and partnerships indicates strong future growth potential.
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