FREY News & Events

T1 Energy (TE) confirmed that as of the open of business, the company's common stock and warrants, which trade on the New York Stock Exchange, will cease trading under the ticker symbols "FREY" and "FREY WS", respectively, and commence trading under the ticker symbols "TE" and "TE WS". The change in ticker symbol is part of a comprehensive global rebrand which reflects T1's commitment to becoming a vertically integrated U.S. solar + battery storage leader from its corporate headquarters in Austin, Texas.

FREYR Battery is unveiling a strategic rebranding of the Company as T1 Energy. This comprehensive rebrand includes a new company name, corporate logo, a fresh visual identity, and a forthcoming ticker symbol change to "TE" on the New York Stock Exchange. The T1 brand represents the Company's commitment to becoming a vertically integrated U.S. solar + battery storage leader from its new corporate headquarters in Austin, Texas. T1's teams continue to execute the Company's strategic plan in accordance with the timelines communicated in T1's Q4 2024 transaction announcement. T1's solar module production facility in Wilmer, Texas, renamed "G1 Dallas," now employs more than 1,000 people, and the production ramp of solar modules is proceeding on schedule. Concurrently, site selection for T1's planned U.S. solar cell manufacturing facility, which will be named "G2", is progressing to anticipated site selection in Q1 2025 with the start of construction still targeted for mid-year 2025. In connection with the change of the Company name to "T1 Energy Inc.", which became effective on February 19, 2025, the Company expects that effective as of the open of business on March 3, 2025, its common stock and warrants, which trade on the New York Stock Exchange, will cease trading under the ticker symbols "FREY" and "FREY WS", respectively, and commence trading under the ticker symbols "TE" and "TE WS".

FREYR Battery announced that the Company has selected Austin, Texas, as the location for its new global headquarters to geographically align the Company's workforce with its operations and strategy to provide solar modules made in the U.S. This announcement coincides with the ongoing ramp of production at FREYR's G1 solar module facility in Wilmer, Texas, which already employs more than 1,000 people across the Wilmer and Dallas communities. FREYR has selected Austin, Texas as the location for the Company's global headquarters in support of FREYR's corporate development, operations, and strategy. Austin is strategically located near FREYR's operating U.S. solar module manufacturing facility in Wilmer, Texas, and provides access to an emerging talent pool within the booming, business-friendly Texas economy to support the Company's growth aspirations. FREYR's global headquarters will be located at 1211 E 4th St., Austin, TX 78746. In conjunction with the Company's relocation to Texas, FREYR has entered into a definitive agreement to sell its 368-acre site in Coweta County, Georgia, to an undisclosed party for gross sales proceeds of $50M. Estimated net proceeds to FREYR are expected to total $22.5M following repayment of previously received state and local grants.