Battery Market News’ Post

🚨 BREAKING NEWS 🚨 FREYR Battery Acquires Trina Solar’s U.S. Manufacturing Assets In a move set to reshape the #Renewable energy landscape, FREYR Battery has announced the successful acquisition of Trinasolar’s 5 GW solar module manufacturing facility in Wilmer, Texas. This transformative deal underscores #FREYR’s commitment to strengthening its position as a leader in clean energy solutions. 🏭 Key Highlights of the Deal: The 5 GW facility, operational since November 2024, is set to ramp up to full production by H2 2025, with 30% of capacity already secured by firm offtake contracts with U.S. customers. Total transaction considerations included: $100 million in cash. $50 million repayment of an intercompany loan. $150 million loan note. Equity stakes in FREYR, including 9.9% common stock and an $80 million convertible loan note (potentially increasing Trina’s stake to 21.4% upon certain conditions). FREYR also assumed $235 million in facility-related indebtedness. 🌍 Why This Matters: This acquisition signals a strategic pivot towards accelerating #CleanEnergy manufacturing capacity in the U.S., a critical step for scaling up renewable energy adoption and achieving #Decarbonization goals. With domestic production capabilities expanding, this deal could also mitigate supply chain vulnerabilities and create significant local economic opportunities. 🔋 As the renewable sector continues to integrate #Solar and storage technologies, this milestone highlights the importance of cross-sector collaboration in driving the #EnergyTransition. With my focus on #sustainable energy solutions and experience in the battery storage sector, it’s exciting to see initiatives that align with the global shift towards cleaner, more resilient energy infrastructure. FREYR’s bold move is a reminder of the innovation and partnerships needed to power a net-zero future. 💡 What do you think about this strategic acquisition and its implications for the renewable energy market? 👉 Jesse Morris 🔔 Follow Jesse Morris for interesting posts on: #Sustainability, #BatteryTech and #GreenTechnology

FREYR Battery completed the acquisition of Trina Solar's 5 GW solar module facility in Wilmer, Texas, aiming to create a leading U.S.-owned solar and battery storage company. FREYR reaffirmed 2025 EBITDA guidance of $75–$125 million, with expectations to reach $175–$225 million by year-end 2025 and $650–$700 million annually from integrated solar operations. Looking ahead, the company said it is progressing with the implementation of a multiphase strategy aimed at building a fully integrated U.S. solar manufacturing footprint. FREYR Battery aims to begin construction in the second quarter of 2025, with initial solar cell production expected in the second half of 2026. #FREY #FREYStock #FREYRBattery #FREYRBatteryStock #FREYRBatterySolar #FREYRBatteryTrinaSolar $FREY

Last month, FREY Battery revealed plans to acquire a 5GW solar module facility in Texas from Trina Solar, a move that Analyst Gregory Lewis and his team view as a significant shift away from the company's original focus on producing battery cells for energy storage. Lewis highlighted this pivot as a transition into solar manufacturing, with potential plans to build a solar cell plant to vertically integrate its U.S. supply chain. The move is expected to leverage renewable energy tax credits under the Inflation Reduction Act. BTIG's $4 price target assumes FREYR closes on the acquisition of Trina Solar's U.S. module plant and ramps production to full capacity by 2025, generating EBITDA from supply contracts and merchant sales. #FREY #FREYStock #FREYRBattery #FREYRBatteryStock #FREYRBatterySolar #FREYRBatteryTrinaSolar $FREY

FREYR Battery Is Scaling Up For Domestic Solar Expansion Solar energy continues to be in high demand. And now, there’s a new acquisition that is set to ramp up American based solar panel manufacturing. FREYR Battery (NYSE: FREY) has announced a new deal to buy Trinasolar’s United States based solar module manufacturing facilities for $340M USD. Trina Solar is one of the largest solar companies in the entire world and the new acquisition will dramatically scale up FREYR Battery’s capacity for new solar module production domestically. What's happening, the big idea, and more: https://lnkd.in/eYXQ9w9V Featured | cc: Daniel Barcelo, J. Evan Calio, Tom Einar Jensen, Sonia Gilde S. Rathscheck, Einar G.S. Kilde, Andreas Bentzen, Kristin Zwez, Gery Bonduelle, Amber Hetzendorf, Amy Jaick, Ryuta Kawaguchi, Michael Brose, Helena Li, Steven Zhu #solarpower #solarenergy #energytransition #climatetech

The acquisition of a solar production plant in Texas by FREYR Battery marks a major strategic development in strengthening local energy supply chains. L’article FREYR Battery acquires a 5 GW #solarplant in Texas est apparu en premier sur energynews.

Trinasolar Enters into Transaction Agreement with FREYR Trina Solar Ltd. has announced that it has entered into a transaction agreement with FREYR Battery. The transaction includes a 5GW module manufacturing plant in Wilmer, Texas. According to both parties, the transaction is expected to be completed by the end of 2024. Following the transaction, Trinasolar and FREYR will embark on a multi-phase strategic collaboration. Modules produced by FREYR will continue to carry the Trinasolar brand and be jointly marketed to ensure a stable supply of locally manufactured products in the United States.   In addition, the two companies will collaborate on technology, operations and sales. Trinasolar will appoint board […] Read the full story here: https://lnkd.in/drsea5SQ #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #agreement #america #freyrenergy #modulemanufacturing #northamerica #pvmodule #renewableenergy #solarenergy #supplychain #trinasolar #unitedstates

ICYMI: The acquisition of a solar production plant in Texas by FREYR Battery marks a major strategic development in strengthening local energy supply chains. L’article FREYR Battery acquires a 5 GW #solarplant in Texas est apparu en premier sur energynews.

Quiz Question: Which company received a Letter of Award worth INR 90.3 Cr for executing EPC works for a 30 MW DC capacity solar power project on a turnkey basis? A). Waaree Renewables Technologies Ltd. B). AVG Logistics Limited. #investing #smallcap #nse #bse #shares #stockmarket Note:- To make money in the market, one should track the order book, Preferential issues, bulk deal, Capex plan, new product launch type various Variant perceptions.

Our 570 MW solar and 954 MWh storage project in California will be the first to use Nextracker Inc.’s 100% domestic content solar trackers!   Today, Nextracker announced that it has shipped and delivered the industry’s first U.S. manufactured solar trackers in the US to our Pelican's Jaw project. This project is currently under construction by SOLV Energy.   Our industry has made great strides in creating a robust U.S. supply chain to support greater supply security and create high paying, domestic manufacturing jobs. Thank you Nextracker for your leadership!   📷  of one of Nextracker’s manufacturing partners in Texas.   More here: https://lnkd.in/g8R-ErQW   #CleanEnergy #Nextracker #RenewableEnergy #IRA #InflationReductionAct #Solarpower #Americanjobs #AmericanManufacturing #DomesticManufacturing

Battery cell manufacturer FREYR Battery has entered into an agreement to acquire the US solar manufacturing assets of Trina Solar for $340 million. Under the terms of the deal, FREYR is acquiring a 5GW, 1.35 million square foot solar module manufacturing facility in Wilmer, Texas that started production on 1 November 2024. The total consideration payable to Trina Solar of $340 million comprises $100 million of cash, a $50 million repayment of an intercompany loan, a $150 million loan note, 9.9 per cent of FREYR outstanding common stock, and a convertible loan note that would convert into an additional 11.5% of FREYR outstanding common stock after certain conditions are satisfied. Upon closing of the transaction, FREYR will “execute a multi-phase strategic plan to establish a vertically integrated U.S. solar manufacturing footprint”, the statement added. The next phase of the plan will be to construct a 5GW solar cell manufacturing facility in the US – “site selection is underway and FREYR is targeting a start of construction in 2Q 2025 with anticipated first solar cell production in 2H 2026,” the statement said. It added: “The creation of a US-owned and operated company that can provide a turnkey solar technology solution is expected to solve a bottleneck for developers, create up to 1,800 direct jobs, satisfy local content requirements for US solar projects, and competitively differentiate FREYR.” Daniel Barcelo (pictured), FREYR CEO, said: “We are pleased to announce this transformative transaction, which will immediately position the company as one of the leading solar manufacturing companies in the US. We are proud to be partnered with Trina Solar, a global manufacturing and solar technology leader. Domestic manufacturing capacity for solar and batteries is essential for energy transition and job creation. The US was once the global leader in solar, and it can be again.” #batterystorage #energystorage #solar #renewableenergy Trinasolar