This acquisition positions FREYR among the foremost solar manufacturing players in the U.S.

This acquisition positions FREYR among the foremost solar manufacturing players in the U.S., a move that aligns with the country’s commitment to enhancing domestic renewable energy production. The Texas facility is anticipated to reach full production capacity in 2025, with its output already secured through established offlake agreements with several U.S. customers. This ensures a stable demand pipeline and underscores the confidence of U.S.-based partners in FREYR’s manufacturing capabilities. FREYR’s newly appointed CEO, Daniel Barcelo, expressed enthusiasm about the acquisition and its potential impact on the company’s market position and U.S. solar manufacturing. “We are pleased to announce this transformative transaction, which will immediately position the Company as one of the leading solar manufacturing companies in the U.S.,” Barcelo stated. Highlighting the significance of domestic production, he emphasized that bolstering U.S. manufacturing capacity for solar and battery technologies is not only crucial for advancing the energy transition but also for creating jobs and revitalizing the country’s role as a leader in clean energy. “The U.S. was once the global leader in solar, and it can be again,” he added.