FREYR Battery is a clean energy technology company focused on the development and production of sustainable, high-performance battery cell solutions to support the global electrification of transportation and energy storage markets. Headquartered in Norway with operations in the United States, FREYR aims to deliver lithium-ion battery cells with a low carbon footprint by leveraging local renewable energy sources, advanced manufacturing techniques, and a vertically integrated value chain. The company’s offerings are designed to meet the demanding requirements of electric vehicle (EV) manufacturers, renewable energy developers, and other industrial users seeking reliable, scalable energy storage solutions.
Central to FREYR’s strategy is the establishment of gigafactories in key markets. Its flagship facility in Mo i Rana, Norway, utilizes locally generated hydroelectric power to produce battery cells with minimal greenhouse gas emissions. In parallel, FREYR is developing a complementary production site in the United States to serve North American customers and reduce supply chain complexity. Through partnerships with engineering firms, equipment suppliers, and regional authorities, FREYR is building an ecosystem that encompasses cell design, pilot lines, quality assurance, and automated production processes.
Founded in 2018 by a team of energy industry veterans, FREYR has evolved from concept stage to a publicly traded enterprise listed on the New York Stock Exchange under the symbol FREY. The company’s management team is led by CEO Tom Einar Jensen, who brings extensive experience in renewable energy project development, and CFO Rob Peterson, who has a track record in capital markets and strategic finance. Their combined expertise supports FREYR’s mission to scale production rapidly while maintaining rigorous sustainability standards and operational excellence.
FREYR’s long-term vision encompasses the deployment of multiple gigafactories across Europe and North America, targeting a broad array of end markets including passenger vehicles, commercial fleets, large-scale grid storage, and marine applications. By integrating research and development efforts with flexible manufacturing capabilities, the company seeks to accelerate the transition to a low-carbon future. Continued investment in process innovation, supply chain resilience, and strategic alliances positions FREYR to capitalize on growing demand for eco-friendly battery cells worldwide.
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