FREYR Battery welcomes Dan Steingart and Jason Forcier to its Board as Independent Directors

– NORWAY, Mo i Rana –  FREYR Battery (NYSE: FREY), a developer of clean, next-generation battery cell production capacity, today announced the appointments of Jason Forcier and Dr. Dan Steingart to its Board as Independent Directors, effective December 21, 2022, and January 9, 2023, respectively, filling vacancies created by the departures of Jeremy Bezdek and Jon Christian Thaulow from the Board.

“I want to extend a warm welcome to Dan as he joins our Board of Directors. Dan brings impressive technical and industry credentials to the FREYR Board as a distinguished electrochemistry expert, a highly respected professor and research scientist at one of the world’s foremost academic institutions, and a valued advisor to start-up companies in the energy sector. Our entire team is looking forward to his stewardship through the next phase of FREYR’s growth as a global industrial partner of choice in the clean battery space,” said Founder and Executive Chair, Torstein Dale Sjøtveit. “Jason’s experience leading and establishing manufacturing operations in the lithium-ion battery and other industries will be invaluable to FREYR as we commence production in Norway and the U.S.. We are delighted to welcome Jason and his unique skill set to our Board of Directors, and we look forward to his contributions as we establish giga scale production of clean, next-generation batteries.”

About Dr. Dan Steingart

Dr. Steingart is the Stanley-Thompson Professor of Chemical Metallurgy at Columbia University where he is also the co-director of the Columbia Electrochemical Energy Center. Over the last decade, his research in energy storage has been adopted by various industries and has led directly or indirectly to five electrochemical energy-related startup companies. Additionally, Dr. Steingart has served as Chief Scientist/Advisor to ElectraSteel since 2020, Co-Founder of Liminal Insights Inc. since 2015, and Industry Advisor to Sila Nanotechnologies Inc. since 2016.

“I am excited to be joining the FREYR Board of Directors during a crucial time in the battery industry,” said Dr. Dan Steingart. “Having observed the company’s remarkable progress to date, I believe that FREYR is uniquely positioned to scale a cost-effective battery technology as demand for clean energy storage and mobility accelerates. I have long admired the operating team and am proud to be aiding them on their journey.”

About Jason Forcier

Jason Forcier currently serves as CEO of SVP Worldwide. Mr. Forcier’s previous experience includes positions as COO and other senior manufacturing, supply chain, and quality roles at Vertiv Holdings Co from 2017 to 2022; and eight years at A123 Systems, a global manufacturer of lithium-ion batteries, where he was CEO from 2013 until 2017 and member of the board of management.

Mr. Forcier’s appointment to the Board of Directors coincided with Jon Christian Thaulow notifying FREYR’s Board of Directors of his intention to tender his resignation as a director of the Company effective December 21, 2022.

As announced by the Company on December 23, 2022, Jeremy Bezdek joined FREYR as the EVP of Global Corporate Development and President of FREYR Battery U.S. Mr. Bezdek joined FREYR from his prior position of Managing Director, of Strategic Platforms at Koch Industries. Before joining FREYR, Mr. Bezdek spent over 26 years with Koch Industries companies in a variety of executive and leadership roles.

About FREYR Battery

FREYR Battery aims to provide industrial-scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway, and announced the potential development of industrial-scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030.

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