HONEYWELL AND FREYR COLLABORATE TO DEPLOY ENERGY STORAGE SOLUTIONS VIA NEXT-GENERATION BATTERY CELLS

HOUSTON and OSLO, Norway, Jan. 19, 2022 /PRNewswire/ — Honeywell (NASDAQ: HON) and FREYR Battery (NYSE: FREY) today announced they have signed an agreement pursuant to which FREYR will, subject to viability, leverage Honeywell’s leading technology offerings, including integrated automation, field instrumentation and security integration solutions in their manufacturing process. As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications.

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