FREYR Battery announced that the U.S. Department of Energy has invited the Company to submit the Part II loan application under the DOE Title 17 program for FREYR’s Giga America project. As previously indicated, the DOE loan application process is a key element of FREYR’s capital formation strategy to fund construction of the Giga America project. FREYR also continues to engage with potential investors in project-level equity to finance the equity component of anticipated capital expenditures and organizational development associated with the project. FREYR will continue to work on advancing the DOE Title 17 process during 2024 and will provide further updates as appropriate.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FREY:
- ISS, Glass Lewis recommend Freyr shareholders vote for redomiciliation
- Largest borrow rate increases among liquid names
- Freyr Battery announces new organizational structure, leadership changes
- Freyr Battery appoints Strine to board of directors
- Teknovekst Invest AS acquired 600,000 Freyr Battery shares on November 10