good since good in good on went everyone. be Thank afternoon, of always, report for call and you the speaking York third course, Exchange to XXXX. you, earnings we Jeff, evening sixth and for as our to Stock quarter public earnings New our morning, this, Pleasure
we will go been to we’ve what today, to refreshments, some date. on doing speak, so through During
our an the sum you going We’ll America talk on strategic strategic operational back revived of you to the we’ve you you on what in priorities to Atlanta. partnerships, will where updates Giga the take of I had we accelerating just eyes. talk a will We’re about our course, Oscar that. selecting dynamics, I give through announcing turn We’ll I ago. ambition side. Q&A. updates before from financial days we of up on of take and terms are, We’ll about which I’ll market couple of about talk technology. with our front the side, through done is on refresh update in world pleasure, the to
X core built New has have on things. these the around exposure everything tenets X Exchange at do last And pace to of eighth scale and side, on And in in battery We moving a we year. So last We public both fundamentally offer FREYR went strategic and on speed, that partner as and on our the the York sustainability. commercial selected side. operational July that the is choice the the Stock we demonstrated secular growth company linked supported company the on clean is of side of we differentiated ambition an the market, to battery are providing solutions. trends increasingly forward through quarter
a leader We space. track global are in becoming this to on
a ESS nascent, now in part and captured the building the the electric rapidly interest large vehicle vehicle have space. but as growing as of We we’re space seeing market, commercial well momentum and increased
organization, and learning partnership-based ourselves our have way all and that in to the the and we from now value we partners we combination – a in are developed our We with the in West. in partnerships Japan from East U.S. the
course, have development. obviously, little broad variety their last that when we by to went venture for So we a New important as do joint then, bit been formed, by basically you cattle point and tend as X development tenets of are in completed And Giga we before, in public Swed. of at of sanctioning the mentioned Since it hours the Norwegians, more both we in July and Aleees core was started manufacturing. to I opportunities and all America, XXX capacity downstream a Plant Fast Giga history. moving speed, on becoming of for as global and Stock when of with sustainability, of scale good to we in U.S., announcement targeting the our inspired containerized our and established, basically FREYR’s block, better by year, York which with module than than scale, the supply in Exchange, towards installed champion DC But of our forward chain strategy X partnerships Arctic global Northvolt of XXXX, partnerships the gigawatt to formative pack a the many can a ESS Customer important developing speak XXXX. think on soon-to-be Nidec, were solutions, mentioned, idea Qualification out of impressed ITOCHU
to a technology our remind strategy. Just to take ourselves about want moment
first Technologies, months in the our spin-off XX technology. technology out selecting in MIT of three landed And technology took things process our when U.S. we FREYR XXM we selection before were looking we So for on Boston partner, were
that to we models to business the Asian is hour in able general criteria to technology scale. company consumption a the be rapidly batteries we’re further on more pushing much a an to growing to We for production partner offer get today, environment. ones compete in this business time. energy game, this our to of becoming towards gigawatt to be need gigawatt choice. that performance to Technologies the and curve track take reduction over ultimately, of battery hour dramatic in equally basically XXM we’re short now technology the footprint have the a with to to able And will established we’re which left-hand wanted other be possible core market XXM this in numbers introduced is basically further scale, dramatic clean and the CapEx, technology basically this the continue the are advancing because reduction solution be cost in and within discussions cost. raw And Chinese very we that we But material get to Because products in side on and achieve market technology iterative able improve offers reduction to of in paradigm, exponentially particular. who step third model per a facility, and employee differentiates speak. but with differentiated the was partnerships in for increasingly the with as first take licensees strong demand staying lithium-ion to the We the this was deep to can commercially disruptive family boundaries happy that is a something and in what and change very we ensure looking wanted of existing batteries, to within process, and this a push important,
So hard financial scale. we are to that at industrial that level to need and ensuring milestones get hour work meet can the in we that gigawatt we
operating aware integrated our all multiple that core of of financing we We of I the over progress are are proud facilities building to on acutely am good verticals. and And time. making and nature announce
reap detailed into be learnings Customer this for that. partners us and in development targeting in now them is The we Giga to its to to and established we’re enable really you and will partners that our unlock leveraging looking its Norway exporting et from And quarter to America. Qualification intensifying process and are to in us have and easy in Giga is increasing deep credit are and deeper move and phase Arctic strategic that accelerate us This status parallel to next Arctic, enable when on approvals back tests, accelerated are now which blueprint his learnings we produce additional replicate formation, detailed financing industrial our through. detailed from will next-generation our Georgia. interest we forward will Giga Giga Arctic a The in in Arctic engineering further track that America. competitive allow with acceptance through broadening We financing today. new to Giga the development and from into project financing specific take label to to news on in Georgia, Plant and we’re our for capital second Giga Oscar is seeing first what in good come support engineering front XXXX. will already the that reasonably first will and project for for customer as on efforts we that cetera, There stage, Oscar is cell XXXX, The quarter that we blueprint
leading tested happy in that to quartile exhibiting also to we’re and of one are see cells our XXM we And very energy have in performance safety Europe strong We with customers. linked very the ourselves. density agencies top
something energy the customers, Customer is we’re generating to XXM traction our and documenting seeing also to of So is with the a that in market Qualification relative forward lot looking the performance cells cells really of obviously that these we storage Plant. produce can
view, are basically the agreements. we’re as well process are more the continuing electric solutions firm of accelerate the possible. that financing project in XX% targeting commercial project bankable really XXXX commercial interest now say as to capacity unlock offtake our We solutions on seeing to front more Furthermore, through happy from agreements I or to offtake sector. vehicle also with we to firm of point From sector finance a converted conditional an offtake mobility acceleration as in am for as the being
regard with broad planet. mature strategic materials, advanced a securing making as will a variety all continuing this in relevant the of we focus the stakeholders partnerships We this regard unless the some good Obviously, to are on very in well. of of strong spectrum, happen entire firms leading have not EV progress be we in mobility and long-term this will are and with and on discussions across we
Giga of immediate most Arctic from Customer secured view of have from we the point both need for Plant the also future, we materials a So a view. of point Qualification and
on side footprint we established of localized to down us the come supplier, allow the built. position curve, will drive into is cattle which our and with and will a in I which for have the that facilities materials good Aleees, of second, example our drive ensure announced maintain regard, decarbonized this We also efforts left-hand down carbon to the the partnership Giga can licensing we also our costs, instance, in facilities, a cost to that and back
take a the everyone of remind in moment ESS growth the nature segment. me Let the just exponential of to
but part that of of charge society vehicles combustion the nonrenewable been in these sector, if enable will if you also energy, driven the of energy point sector. not build decarbonization the always eliminate the required. it’s electric and that of batteries energy, that into with also have by the pipe. We you decarbonization from batteries is decarbonization the transportation with But go the tail And batteries large the of opinion evident the decarbonization you nonrenewable these the
But The realized revising these continue other Storage is estimates changing more be to direction. wrong. is right opinion segment in as thing their in more good about as know are Energy So and that opportunity therefore, to the likely is very large that they we that And I segment. they it thing it’s market the in the that upwards. Electric and is the most are only see always know I stakeholders the Vehicle predictions have the of been
intermittent as seen think. FREYR’s more that provide people in most These away they opinion stress So and we natural they the and Arctic to particularly and storing power relief announcement Therefore, as Technologies very opportunity the wind, we of baseload the movement very Giga why suitable our is and sources that supply for supporting and one more coal much than energy. this reasons and in baseload when of should move we regard. of gas these fundamentally their is accelerated think thick this to development, much containerized is grids be ESS electrodes And Giga solutions into also from this and are for large America apply main is move applications. platform sunlight can the larger XXM represent production part
and be also likely also and technology however, the vehicles us applications, scale. that is our we’re to feature electric flexibility hour We X-gigawatt producing proud a that platform both batteries but from with vehicle very for commercial happy take facilities, provides will, most differentiating
mention Giga probably we then announcement briefly you me development of America. witnessed late week, the many Let of last and when our announced
it now plans. for We from alongside pleasure U.S. America developing at to with the part announcing representatives me Giga State of batteries And hour was scale. great people take of in next-generation are the clean to the in County our gigawatt Coweta a committing Georgia
XX gigawatt hours, costing as development be Giga same initial Arctic. will Our the phase roughly here
the we prime core acreage, looking logistics and the as months. and process detailed to State the than in site. and strong into acres talent, pillar have Georgia. move Georgia. We a from did XXX of we across in selecting XX alongside this infrastructure A selection over weeks key we financial received XXX of aim next features support County of which And sites more at We of our very course, the as in move phase Coweta states, development we of landed now couple industrial into engineering County have and rigorous
XXx could also of we site mix. already have phases which a is site, manufacturing projects, but than acreage facilities multiple both the in upstream only industrial the here for downstream add is not this into battery So ideal we larger cell have We and Norway.
momentum an when the U.S. opportunity in have we to see expand and as commercial So we growing the really
$X.X over XXX process. We with facility will, line agreement over the this time, local and invest with state billion and more employ the than we in people on municipalities, the in have
and be view, of I thing leveraging really differentiate weeks process be American security something part to to important it again, as to an that focused will is geographically based offtake And converting agreements. technology vehicles We of regional on this of customers diversified commercial provider again very you value. on we XXM coming large as see firming as one on be but I’d that something and from offtake sales and of the And which, up should a say solutions. our is, many to of our applications. more simplified that final more is of vehicle is a This like point the mentioned, long-term ESS They agreements. also, this sort to and – core ourselves supply the technology for enables months really a us electric clean very both are the in us battery customers expect is platform, agreements
over new Mainland in in component, Aleees, developer outside We one two component quarter, the Plant and With that largest stay of Customer the strategic the of technology the to that, a forged Qualification LFP to United I’m as the ambitions. entire broader houses procurement through content producer of hand produce investor we and did And I’d also, is the direct will licensing take of going is it and going carbon of with like This, license partnership Jan producing over of have both on left-hand operations. supply chain across Arctic. in that who’s The of capital them. technology also world-leading Norway own us intend partnerships. are us and we LFP mention worldwide established cattle an curve at the broad course, agreement obviously cost raw China. looking with have we global this in for curve cells, expertise We And transporting both through can And but to material in to core facilities, battery supplier materials facilities of how for going the States. deep we pride leveraging the the in Arve? and our establish in evaluating when fundamentally supporter Equally the us also like mentioned of world-leading Japan secures and having battery our secured we leverage trading the now for the Arve, something use supply to XXM ITOCHU. leverage that how cost Europe Jan in network and time. material have we a materials particular. updates manufacturing in side to also Northern chain we our to ITOCHU carbon Scandinavia and competitive the spectrum we’re and one enable again, from core and leading one cell our is you technology, core they Giga to a with are very Aleees serve ITOCHU’s operational for and a will as the important securing we
