Who is Freyr battery?

FREYR Battery is transforming into a vertically integrated solar module/cell and battery energy storage systems leader through the acquisition of Trina Solar's US assets.

Is Freyr battery a vertically integrated company?

FREYR Battery, Inc. (NYSE: FREY) recently announced a strategic pivot from producing battery cells to producing solar modules, having the ambition to become a vertically integrated company also producing solar cells in the U.S. It will achieve this by acquiring the U.S. assets of Chinese solar panel manufacturer Trina.

Where is Freyr acquiring Trina Solar?

Under the terms of the agreement, FREYR will acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas, which started production on November 1, 2024. The facility is expected to ramp up to full production in 2025 with 30% of estimated production volumes backed by firm offtake contracts with U.S. customers.

When will Freyr's solar plant start production?

The facility is expected to ramp up to full production in 2025 with 30% of capacity already contracted with U.S. customers. Freyr reports that this is the first step in its plan to build out a vertically integrated domestic manufacturing footprint that will next include a 5 GW solar cell facility.

Is Freyr a semi-solid state battery company?

FREYR Battery, Inc. (NYSE: FREY) is a pre-production semi-solid state tech battery company. Or at least it was.

Is Freyr's pivot to solar energy a prospect to approach cautiously?

Adding uncertainty to the incoming administration's policies and the glut in solar production equipment, FREYR's pivot to solar energy looks like a prospect to approach cautiously. I will watch from afar. Income-oriented individual investor focusing on building a solid dividend portfolio within oil and gas, shipping, energy, and minerals.