Private company
FREYR Battery
Miscellaneous electrical machinery company1
In its 2023 annual report the company says: “FREYR Battery, a Luxembourg public limited liability company, is a developer of clean, next-generation battery cell production capacity. We are in the design and testing phase related to our battery production process and we are in the final stages of the construction of our Customer Qualification Plant and groundworks and foundation structures for our inaugural gigafactory, both located in Mo i Rana, Norway.”32
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Research and development | $1.9M3 | $13.8M4 | $13.6M4 | ||
| Operating expenses | $75.6M4 | $122.5M4 | |||
| Operating income | -$8.9M3 | -$75.6M4 | -$122.5M4 | ||
| Interest | $53.0K3 | $3.0K3 | |||
| Income before tax | -$93.4M4 | -$99.1M4 | |||
| Income tax | $04 | $04 | |||
| Net income | -$9.6M3 | -$93.4M4 | -$98.8M4 | ||
| Earnings per share | -$1.244 | -$0.834 | |||
| Earnings per share (diluted) | -$1.244 | -$0.834 | |||
| Shares (weighted, basic) | 75.4M shares4 | 118.5M shares4 | |||
| Shares (weighted, diluted) | 75.4M shares4 | 118.5M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash | $257.0K3 | $14.7M3 | $564.0M4 | $443.1M4 | |
| Current assets | $15.9M3 | $582.8M4 | $579.5M4 | ||
| Property, plant and equipment | $21.1M4 | $210.8M4 | |||
| Intangible assets | $04 | $3.0M4 | |||
| Total assets | $15.9M3 | $627.0M4 | $827.7M4 | ||
| Accounts payable | $3.8M4 | $6.8M4 | |||
| Current liabilities | $10.9M3 | $25.8M4 | $62.6M4 | ||
| Total liabilities | $11.0M3 | $81.5M4 | $107.6M4 | ||
| Retained earnings | -$104.3M4 | -$203.1M4 | |||
| Shareholders’ equity | -$949.0K3 | $5.0M3 | $545.5M4 | $717.5M4 | |
| Shares outstanding | 37.5M shares3 | 116.9M shares4 | 139.7M shares4 | 139.7M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash from operations | -$7.3M3 | -$63.1M4 | -$90.0M4 | ||
| Depreciation and amortization | $120.0K4 | $478.0K4 | |||
| Stock-based compensation | $14.8M4 | $8.6M4 | |||
| Capital spending | $71.0K3 | $13.8M4 | $180.8M4 | ||
| Free cash flow | -$7.4M | -$76.9M | -$270.8M | ||
| Cash from investing | -$33.8M4 | -$175.0M4 | |||
| Share buybacks | $04 | $1.1M4 | |||
| Cash from financing | $649.0M4 | $250.1M4 |
Corporate structure
FREYR Battery sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of FREYR Battery
- Teknovekst Invest AS Filed SC 13D/A on FREYR Battery, latest Dec 13, 2024 (3 filings since Apr 19, 2023)
- Wood River Capital, LLC Filed SC 13D/A on FREYR Battery, latest Aug 2, 2024 (2 filings since Dec 7, 2022)
- Encompass Capital Advisors LLC Filed SC 13G/A on FREYR Battery, latest Feb 14, 2024 (3 filings since Feb 15, 2022)
- ATS AS Filed SC 13D/A on FREYR Battery, latest Nov 9, 2023
- Sylebra Capital Ltd Filed SC 13G/A on FREYR Battery, latest Mar 10, 2023 (3 filings since Feb 11, 2022)
- Alussa Energy Sponsor LLC Filed SC 13D/A on FREYR Battery, latest Jul 29, 2022
- SPRING CREEK CAPITAL LLC Filed SC 13D/A on FREYR Battery, latest May 3, 2022
- FREYR Battery N4
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What FREYR Battery reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $44.3M4 Dec 31, 2022 | $04 Dec 31, 2021 | |
| Machinery and equipment | $2.6M4 Dec 31, 2022 | $1.2M4 Dec 31, 2021 | +121.5% |
| Construction in progress | $164.4M4 Dec 31, 2022 | $20.0M4 Dec 31, 2021 | +721.2% |
| Property and equipment, before depreciation | $211.3M4 Dec 31, 2022 | $21.2M4 Dec 31, 2021 | +897.0% |
| Accumulated depreciation | $550.0K4 Dec 31, 2022 | $135.0K4 Dec 31, 2021 | +307.4% |
| Property and equipment, net | $210.8M4 Dec 31, 2022 | $21.1M4 Dec 31, 2021 | +900.7% |
| Operating-lease assets (leased space) | $14.5M4 Dec 31, 2022 | $04 Dec 31, 2021 |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Area of land | 368 acres4 Dec 31, 2022 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $443.1M4 Dec 31, 2022 | $564.0M4 Dec 31, 2021 | −21.4% |
| Stakes in other companies (equity method) | $04 Dec 31, 2022 | $2.9M4 Dec 31, 2021 | −100.0% |
Intangibles and goodwill
Timeline
- Jan 2, 20248-K Listing notice or transfer; Change to shareholders' rights; Executive or director change7
- Dec 18, 20238-K Shareholder vote8
- Dec 7, 20238-K Other events9
- Nov 27, 20238-K Executive or director change10
- Nov 15, 20238-K Regulation FD disclosure11
- Nov 9, 20238-K Results of operations; Regulation FD disclosure12
- Nov 6, 20238-K Regulation FD disclosure13
- Oct 18, 20238-K Entered a material agreement14
- Oct 5, 20238-K Entered a material agreement15
- Sep 11, 20238-K Other events16
- Aug 10, 20238-K Results of operations; Regulation FD disclosure17
- Aug 10, 20238-K Executive or director change18
Calendar
When it reported results
- Nov 9, 2023Reported quarterly or annual results12
- Aug 10, 2023Reported quarterly or annual results17
- May 15, 2023Reported quarterly or annual results19
- Feb 27, 2023Reported quarterly or annual results20
- Nov 14, 2022Reported quarterly or annual results21
- Aug 8, 2022Reported quarterly or annual results22
- May 11, 2022Reported quarterly or annual results23
- Feb 28, 2022Reported quarterly or annual results24
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
88 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 42 major events, 14 large holders, 23 other. The latest 20:
- Dec 13, 2024SC 13D/A AMENDMENT NO. 1 TO SCHEDULE 13D EDGAR
- Aug 2, 2024SC 13D/A EDGAR
- Feb 14, 2024SC 13G/A EDGAR
- Jan 12, 202415-12G EDGAR
- Jan 2, 20248-K EDGAR
- Dec 21, 2023144 EDGAR
- Dec 18, 20238-K EDGAR
- Dec 7, 20238-K EDGAR
- Nov 27, 20238-K EDGAR
- Nov 17, 2023SC 13D SCHEDULE 13D EDGAR
- Nov 15, 20238-K EDGAR
- Nov 9, 202310-Q EDGAR
- Nov 9, 20238-K EDGAR
- Nov 9, 2023SC 13D/A SCHEDULE 13D - AMENDMENT NO. 1 EDGAR
- Nov 6, 20238-K EDGAR
- Oct 18, 20238-K EDGAR
- Oct 5, 20238-K EDGAR
- Sep 11, 20238-K EDGAR
- Aug 30, 2023144 EDGAR
- Aug 17, 2023144 EDGAR
The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Teknovekst Invest ASSC 13D/A, 3 filings Apr 19, 2023 to Dec 13, 202425
- Wood River Capital, LLCSC 13D/A, 2 filings Dec 7, 2022 to Aug 2, 202426
- Encompass Capital Advisors LLCSC 13G/A, 3 filings Feb 15, 2022 to Feb 14, 202427
- ATS ASSC 13D/A, 1 filing Nov 9, 202328
- Sylebra Capital LtdSC 13G/A, 3 filings Feb 11, 2022 to Mar 10, 202329
- Alussa Energy Sponsor LLCSC 13D/A, 1 filing Jul 29, 202230
- SPRING CREEK CAPITAL LLCSC 13D/A, 1 filing May 3, 202231
SEC filer profile
How FREYR Battery is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFREYR Battery1
- CIK0001844224
- Filer status<br>emerging growth company1
- Incorporated inLuxembourg1
- Fiscal year endsDecember 311
- Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address22-24, Boulevard Royal, Grand Duchy Of Luxembourg, N4 L-24491
- Phone352 46 61 11 37211
- Shares outstanding139,705,234 as of Nov 3, 20236
- Public float$670.0M as of Jun 30, 20224
- On EDGAR sinceFeb 16, 20211
- Filings139 in all: 8-K (49), 424B3 (10), 10-Q (8), CORRESP (7), SC 13D/A (7), UPLOAD (7), EFFECT (6), SC 13G/A (6)1
All 29 form types
SC 13D (5), 144 (3), 8-K/A (3), POS AM (3), S-4/A (3), 10-K (2), 25-NSE (2), S-8 (2), S-8 POS (2), SC 13G (2), SEC STAFF LETTER (2), 15-12G (1), 424B2 (1), 424B5 (1), 8-A12B (1), ARS (1), CERT (1), DRS (1), S-1 (1), S-3 (1), S-4 (1)
- Latest filingsAnnual report (10-K) Feb 27, 2023
Quarterly report (10-Q) Nov 9, 2023
Latest 8-K (8-K) Jan 2, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARFREYR Battery filings on SEC EDGAR
- 2SEC EDGARFREYR Battery filings on SEC EDGAR
- 3SEC EDGARFREYR Battery 10-K for fiscal 2020
- 4SEC EDGARFREYR Battery 10-K for fiscal 2021
- 5SEC EDGARFREYR Battery 10-Q for fiscal 2023
- 6SEC EDGARFREYR Battery 10-Q for fiscal 2023
- 7
- 8SEC EDGARShareholder vote
- 9SEC EDGAROther events
- 10SEC EDGARExecutive or director change
- 11SEC EDGARRegulation FD disclosure
- 12
- 13SEC EDGARRegulation FD disclosure
- 14SEC EDGAREntered a material agreement
- 15SEC EDGAREntered a material agreement
- 16SEC EDGAROther events
- 17
- 18SEC EDGARExecutive or director change
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28SEC EDGARATS AS SC 13D/A on FREYR Battery
- 29
- 30
- 31
- 32SEC EDGARFREYR Battery filing with the SEC