- Freyr Battery ( NYSE: FREY ) shares gained over 6% premarket on Thursday after the battery solutions company signed its first e-mobility offtake agreement .
- Under the terms of the agreement with Impact Clean Power Technology, Freyr ( FREY ) will supply 10 – 14 GWh of battery cells to Impact from 2025 – 2030. The LFP cells will be integrated into Impact's E-Mobility products for use in commercial vehicles as well as other applications.
- The orders will be carried out in accordance with the needs of Impact and may reach a value of $1.8B based on BNEF’s recent 2025 lithium price estimates and other conditions.
- Freyr ( FREY ) intends to supply Impact with clean battery solutions based on the same battery cell architecture as the ESS products that will be produced at its Giga Arctic battery production facility in Mo i Rana, Norway.
- The contract has a potential for further extension.
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Freyr Battery stock rises on signing of first e-mobility offtake agreement