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FREYR Battery Appoints Senior Govt Andreas Bentzen as New EVP Know-how

NEW YORK & OSLO, Norway & LUXEMBOURG–(Business enterprise WIRE)–FREYR Battery (NYSE: FREY) (“FREYR”), a developer of cleanse, upcoming-generation battery cell manufacturing capability, has announced the appointment of Andreas Bentzen, to the place of Executive Vice President (“EVP”) Technology. Bentzen arrives from the situation of Co-Founder and Chief Technological innovation Officer for Otovo, a leading European service provider of solar panels and batteries for the residential marketplace.

“Technology has been a key element of FREYR’s system considering the fact that day just one, and it will keep on to participate in a crucial function as we strategy initial output. Andreas has intensive knowledge in developing businesses in the renewable strength sector. He possesses deep technological know-how about renewable power and photo voltaic cells, which we see as hugely relevant for the battery market. Andreas will be key to assisting us access our high targets and retain our steadfast target on applying the best know-how out there,” stated Jan Arve Haugan, President and Handling Director of FREYR Battery Norway.

Bentzen started his occupation with REC Team in 2005, wherever he held many technologies roles and supported the enhancement of photo voltaic engineering. In 2011, he took on the purpose as Vice President of Technology for REC in Silicon Valley, the place he properly improved output and efficiency for the company’s U.S. exploration and improvement attempts. Just after his tenure at REC, Bentzen set up his personal photo voltaic advisory corporation in 2012, and later worked with know-how system and management consulting across a number of industries. He then went on to co-observed Otovo in 2015, a company that has considering the fact that expanded across Europe and is now shown on the Oslo Stock Exchange.

“I have invested my occupation building up the photo voltaic sector each inside investigate, business and client-oriented firms, and the up coming huge obstacle that awaits is to advance the battery mobile enterprise. I strongly feel that batteries are important in the clean strength transition, and FREYR is perfectly-positioned to be a top participant in this crucial market. Engineering plays an necessary position in the development of clear and economical battery methods. FREYR prioritized technologies at an early phase of enhancement, which would make me the two encouraged and psyched to be a component of advancing this marketplace, meeting the amazing need, and creating FREYR into a global primary company of battery cells,” claimed Bentzen.

Bentzen retains a Learn of Science from the Norwegian College of Science and Technological innovation (NTNU), as perfectly as a Ph.D. in Physics from the University of Oslo. He will assume his new role in FREYR on September 1st.

About FREYR Battery

FREYR Battery aims to offer industrial scale clean battery options to reduce worldwide emissions. Stated on the New York Stock Exchange, FREYR’s mission is to make green battery cells to speed up the decarbonization of electrical power and transportation units globally. FREYR has commenced building the initial of its prepared factories in Mo i Rana, Norway and announced possible growth of industrial scale battery cell output in Vaasa, Finland and the United States. FREYR intends to provide up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh yearly ability by 2028. To learn additional about FREYR, remember to go to

Cautionary Assertion Regarding Forward-Looking Statements

All statements, other than statements of present or historic actuality integrated in this press release, including, without limitation, statements pertaining to (i) FREYR’s position as a major participant in the battery mobile industry and a primary provider of battery cells, (ii) the part of batteries in the clean up energy changeover, (iii) the ability of Dr. Bentzen’s experience in assisting FREYR achieve its substantial targets and maintain its steadfast aim on using the most effective technological know-how readily available, (iv) technology’s role in the development of clean up and successful battery alternatives and (v) the demand from customers for battery cells are forward-seeking and involve considerable threats and uncertainties that could trigger the genuine outcomes to differ materially from the predicted final results.

Most of these components are outdoors FREYR’s command and hard to predict. Data about components that could materially have an affect on FREYR is set forth beneath the “Risk Factors” segment in FREYR’s Registration Statement on Sort S-1 submitted with the Securities and Trade Commission (the “SEC”) on August 9, 2021, as amended, and in other SEC filings readily available on the SEC’s web site at