FREYR Battery Secures €122M Grant From European Union Innovation Fund To Support Joint Venture Cathode Active Materials Manufacturing Project In Finland
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery has secured a €122 million grant from the European Union Innovation Fund to support its joint venture cathode active materials manufacturing project in Finland. This funding will aid in the development and scaling of their manufacturing capabilities.
October 24, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
FREYR Battery has received a significant €122 million grant from the EU Innovation Fund to support its joint venture in Finland, enhancing its manufacturing capabilities for cathode active materials.
The €122 million grant from the EU Innovation Fund is a substantial financial boost for FREYR Battery, supporting its joint venture in Finland. This funding will likely enhance FREYR's manufacturing capabilities and market position, potentially leading to increased revenues and positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100