FREYR Battery Acquires Trina Solar's U.S. Assets In $340 Million Deal, Projects Strong EBITDA Growth By 2025
FREYR Battery Acquires Trina Solar's U.S. Assets In $340 Million Deal, Projects Strong EBITDA Growth By 2025
As part of the agreement, FREYR will acquire Trina Solar's 5 GW, 1.35 million square foot solar module manufacturing facility in Wilmer, Texas, which began production on Nov. 1, 2024.FREYR Battery Inc. (NYSE:FREY) shares are trading higher on Wednesday. The company agreed to acquire U.S. solar manufacturing assets from Trina Solar Co Ltd. for a total consideration of $340 million.
FREYR 电池 公司（ 纽交所:FREY ）的股票周三交易较高。该公司同意以总价值34000万美元从天合太阳 购买美国太阳能 制造业 资产。
The consideration to Trina Solar includes $100 million in cash, a $50 million loan repayment, a $150 million loan note, 9.9% of FREYR common stock, and a convertible note for an additional 11.5% equity stake, subject to conditions.
太阳能资产交易的考虑包括10000万美元现金，5000万美元的贷款偿还，15000万美元的贷款票据，FREYR普通股的9.9％，以及用于额外11.5％股权份额的可转换票据，视情况而定。
FREYR has also secured $100 million from Encompass Capital in preferred stock and raised $14.8 million through a private stock placement.
FREYR还从Encompass Capital以优先股形式融资10000万美元，并通过私人股票发行筹集了1480万美元。
As part of the agreement, FREYR will acquire Trina Solar's 5 GW, 1.35 million square foot solar module manufacturing facility in Wilmer, Texas, which began production on Nov. 1, 2024.
作为协议的一部分，FREYR将收购Trina Solar在德克萨斯州威尔默的5千兆瓦、135万平方英尺太阳能电池模块制造设施，该设施于2024年11月1日开始生产。
The facility is set to reach full production capacity in 2025, with 30% of anticipated volumes already supported by firm offtake contracts with U.S. customers.
该设施计划于2025年达到全产能，预期产量的30％已获得美国客户的坚定购买合同支持。
The transaction, expected to close by year-end 2024, is subject to customary conditions.
预计交易将于2024年年底完成，但需符合惯例条件。
Following the transaction's close, FREYR will launch a multi-phase strategy to establish a vertically integrated U.S. solar manufacturing presence.
交易完成后，FREYR将启动一项多阶段战略，以建立美国垂直一体化的太阳能制造业存在。
The next step involves building a 5 GW solar cell facility, with site selection underway and construction targeted to begin in the second half of 2025. Initial production is expected in the second half of 2026.
下一步将涉及建设一个5千兆瓦的太阳能电芯设施，选址工作已启动，施工计划于2025年下半年开始。预计初始生产将于2026年下半年开始。
Management: The company's Board Chairman Daniel Barcelo immediately assumed the CEO role, with Evan Calio continuing as CFO.
管理层：公司董事长Daniel Barcelo立即接任首席执行官一职，Evan Calio继续担任首席财务官。
Outlook: FREYR projects 2025 EBITDA between $75 million and $125 million, with expectations to reach a full-year run-rate EBITDA of $175 million to $225 million by year-end.
展望：FREYR预计2025年EBITDA在7500万美元至12500万美元之间，预计全年EBITDA运行率将在年底达到17500万美元至22500万美元。
European Assets Value Optimization: FREYR launched a value optimization and monetization initiative in Europe, aligning with its focus on U.S. solar vertical integration.
欧洲资产价值优化：FREYR在欧洲启动了一项价值优化和货币化计划，与其专注于美国太阳能垂直一体化的策略相一致。
The company has also terminated its SemiSolid technology license with 24M Technologies, leaving no remaining financial obligations or equity interest in 24M.
公司还终止了与2400万科技公司的SemiSolid技术许可协议，不再具有任何财务义务或股权利益。
In a separate report, the company reported a third-quarter 2024 EPS loss of $(0.20), missing the consensus of $(0.18).
在另一份报告中，公司报告2024年第三季度每股收益亏损为（0.20）美元，低于共识价值（（0.18）美元）。
As of Sept. 30, 2024, FREYR had cash, cash equivalents and restricted cash of $184.1 million.
截至2024年9月30日，FREYR拥有现金、现金等价物和受限现金共18410万美元。
FREY Price Action: FREYR shares are up 42.03% at $1.38 at publication Wednesday.
FREY股价表现：FREYR股票在周三发布时上涨了42.03%，达到1.38美元。
Read Next:
阅读下一篇：
- Trimble Beats Q3 Expectations, Boasts Record Revenue As CEO Outlines Focused Growth Strategy
- 天宝导航公司第三季度业绩超出预期，创下营收纪录，CEO概述了专注增长策略
Photo: Courtesy of Freyr Battery
图片：Freyr电池提供