FREYR Battery — Norwegian battery cell developer targeting 43 GWh by 2025 (Mo i Rana, Norway gigafactory)
FREYR AS completed business combination with Alussa Energy Acquisition Corp. NYSE-listed as FREY beginning July 8, 2021. ~$704M gross proceeds incl. $600M PIPE anchored by Koch Strategic Platforms, Glencore, Fidelity, Franklin Templeton. Pro forma equity value $1.4B. (Norway-based battery cell maker; included for US-listed climate-tech SPAC tracking.)
$1.40B
Deal Value
43,000MWh
Storage
Storage
Technology
NY
Location
Deal Details
- Deal Type
- SPAC Merger
- Seller / Sponsor
- FREYR Battery (Norway)
- Buyer / Financier
- Alussa Energy Acquisition Corp.
- Deal Value
- $1.4B (pro forma equity)
- Stage
- Pre-commercial
- ISO/RTO
- Multiple
- Source
- Business Wire
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