FREYR Battery Appoints Senior Government Andreas Bentzen as New EVP Technologies

NEW YORK & OSLO, Norway & LUXEMBOURG–(Small business WIRE)–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean up, upcoming-era battery cell manufacturing capability, has introduced the appointment of Andreas Bentzen, to the posture of Executive Vice President (“EVP”) Technology. Bentzen arrives from the place of Co-Founder and Chief Technology Officer for Otovo, a top European provider of solar panels and batteries for the household industry.

“Technology has been a essential portion of FREYR’s technique given that working day 1, and it will continue on to enjoy a essential purpose as we technique original creation. Andreas has comprehensive encounter in constructing companies in the renewable strength sector. He possesses deep technological know-how about renewable energy and photo voltaic cells, which we see as highly applicable for the battery marketplace. Andreas will be key to aiding us get to our higher targets and manage our steadfast aim on applying the finest technological know-how available,” said Jan Arve Haugan, President and Taking care of Director of FREYR Battery Norway.

Bentzen started his vocation with REC Group in 2005, the place he held quite a few engineering roles and supported the progress of solar technological innovation. In 2011, he took on the position as Vice President of Engineering for REC in Silicon Valley, where he properly improved output and efficiency for the company’s U.S. analysis and enhancement attempts. Right after his tenure at REC, Bentzen founded his very own photo voltaic advisory company in 2012, and later worked with technological innovation system and administration consulting across a number of industries. He then went on to co-discovered Otovo in 2015, a corporation that has due to the fact expanded across Europe and is now mentioned on the Oslo Inventory Trade.

“I have expended my occupation constructing up the solar sector each inside of analysis, industry and purchaser-oriented enterprises, and the future major problem that awaits is to advance the battery cell business enterprise. I strongly think that batteries are vital in the clear energy transition, and FREYR is nicely-positioned to be a major participant in this important sector. Know-how plays an vital purpose in the improvement of clean and economical battery solutions. FREYR prioritized technology at an early stage of growth, which would make me the two inspired and thrilled to be a aspect of advancing this sector, meeting the incredible desire, and making FREYR into a global foremost service provider of battery cells,” reported Bentzen.

Bentzen retains a Learn of Science from the Norwegian College of Science and Technological know-how (NTNU), as properly as a Ph.D. in Physics from the University of Oslo. He will presume his new part in FREYR on September 1st.

About FREYR Battery

FREYR Battery aims to provide industrial scale clear battery answers to minimize global emissions. Shown on the New York Stock Exchange, FREYR’s mission is to generate inexperienced battery cells to speed up the decarbonization of electricity and transportation units globally. FREYR has commenced constructing the to start with of its planned factories in Mo i Rana, Norway and announced opportunity improvement of industrial scale battery mobile creation in Vaasa, Finland and the United States. FREYR intends to produce up to 43 GWh of battery mobile potential by 2025 and up to 83 GWh once-a-year ability by 2028. To study much more about FREYR, please go to

Cautionary Assertion About Ahead-Wanting Statements

All statements, other than statements of existing or historical actuality incorporated in this press release, which include, without having limitation, statements about (i) FREYR’s posture as a top participant in the battery mobile market and a major company of battery cells, (ii) the part of batteries in the thoroughly clean energy transition, (iii) the potential of Dr. Bentzen’s knowledge in aiding FREYR attain its significant targets and keep its steadfast target on applying the most effective technologies out there, (iv) technology’s job in the enhancement of thoroughly clean and economical battery options and (v) the need for battery cells are forward-seeking and involve sizeable challenges and uncertainties that could bring about the true outcomes to differ materially from the envisioned benefits.

Most of these elements are outside FREYR’s control and challenging to predict. Details about components that could materially affect FREYR is set forth beneath the “Risk Factors” area in FREYR’s Registration Statement on Variety S-1 submitted with the Securities and Trade Fee (the “SEC”) on August 9, 2021, as amended, and in other SEC filings obtainable on the SEC’s web page at