FREYR went public via a SPAC merger with Alussa Energy Acquisition in a $1.4bn deal.

FREYR, a Norway-based developer of clean, next-generation battery cell production capacity, went public via a SPAC merger with Alussa Energy Acquisition in a $1.4bn deal. The transaction includes a $600m PIPE from Koch Strategic, Glencore, Fidelity, Franklin Templeton, Sylebra Capital and Van Eck Associates. “We are proud to complete the combination of Alussa Energy and FREYR, positioning FREYR Battery for leadership in accelerating decarbonization ambitions across the globe. Alussa Energy remained true to its goal to promote the energy transaction movement and is excited to introduce one of the first pure-play, ESG-focused clean battery cell production companies to US public markets. I look forward to a continued strong partnership with the entire FREYR Battery team as we execute on our long-term growth strategy," Daniel Barcelo, FREYR CEO and Director.