Tag: freyr
A Norwegian Battery Maker Is Moving To The U.S. To Tap Federal Incentives
[ad_1] Norwegian battery startup Freyr is hoping that shifting its official base of operations to the U.S. will help overcome financial challenges. Freyr Freyr, a struggling Norwegian startup hoping to become a global battery powerhouse using a highly automated cell production system, got shareholder approval to become a U.S. company by the end of 2023, which will help it seek federal incentives for clean energy projects. A majority of investors voted in favor of redomiciling Freyr to Delaware from Luxembourg at a meeting on Friday, the company said in an emailed statement. It had previously announced its intention to move ... Read more