FREYR Battery FREY reported better-than-expected earnings results on Monday, but as a pre-revenue company, investors should be paying more attention to its operational update.”We basically updated on our progress on all the different assets that we are developing,” FREYR Battery CEO Tom Jensen said Monday on Benzinga’s “Stock Market Movers.”What To Know: FREYR Battery’s customer qualification plant (CQP) demonstrates the company’s technology at industrial scale, Jensen said. The CQP team continues to work with FREYR’s vendors to coordinate and finalize deliveries and perform acceptance tests.FREYR Battery is currently working through the diligence phase of its project financing process for Giga Arctic. The company aims to replicate its demonstration plant process in eight different production lines at the new factory, the FREYR Battery CEO said. The next step will be building…
EXCLUSIVE: FREYR Battery Sets Sights On Energy Storage Play With New Gigafactory – FREYR Battery (NYSE:FREY)
