FREYR provides an end of first quarter 2021 company update

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Investments

Receives Norwegian government grants of NOK 181 million (approximately USD21 million)

FREYR AS, (the “Company” or “FREYR”), the Norway-based developer of clean, next-generation battery cell production capacity set to become a publicly listed company on the New York Stock Exchange (“NYSE”) in the second quarter of 2021 through a business combination with Alussa Energy Acquisition Corp. (“Alussa Energy”), today provides an end-of-quarter company update.

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