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電池公司（紐交所:FREY）股票在週三上漲。該公司同意以34000萬美元的總對價收購Trina Solar有限公司的美國太陽能製造資產。
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.
太陽能資產交易的考慮包括10000萬美元現金，5000萬美元的貸款償還，15000萬美元的貸款票據，FREYR普通股的9.9％，以及用於額外11.5％股權份額的可轉換票據，視情況而定。
FREYR has also secured $100 million from Encompass Capital in preferred stock and raised $14.8 million through a private stock placement.
FREYR還從Encompass Capital獲得了10000萬美元的優先股，並通過私人股票配售籌集了1480萬美元。
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.
根據協議，FREYR將收購Trina Solar位於德克薩斯州威爾默的5 GW、135萬平方英尺的太陽能模塊製造設施，該設施於2024年11月1日開始生產。
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.
該設施預計在2025年達到完全生產能力，預計30%的產量已經獲得美國客戶的固定採購合同支持。
The transaction, expected to close by year-end 2024, is subject to customary conditions.
此交易預計在2024年年底前完成，需滿足慣常條件。
Following the transaction's close, FREYR will launch a multi-phase strategy to establish a vertically integrated U.S. solar manufacturing presence.
交易完成後，FREYR將啓動多階段策略，以建立一個垂直一體化的美國太陽能製造業務。
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.
下一步將是建立一個5 GW的電芯設施，選址工作正在進行中，施工計劃在2025年下半年開始。初始生產預計在2026年下半年開始。
Management: The company's Board Chairman Daniel Barcelo immediately assumed the CEO role, with Evan Calio continuing as CFO.
管理層：公司的董事會主席丹尼爾·巴塞洛立即擔任首席執行官，伊凡·卡利奧繼續擔任首席財務官。
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預計2025年EBITDA在7500萬美元至12500萬美元之間，預計全年EBITDA運行率將在年底達到17500萬美元至22500萬美元。
European Assets Value Optimization: FREYR launched a value optimization and monetization initiative in Europe, aligning with its focus on U.S. solar vertical integration.
歐洲資產價值優化：FREYR在歐洲啓動了一項價值優化和貨幣化的計劃，與其專注於美國太陽能產業鏈整合相一致。
The company has also terminated its SemiSolid technology license with 24M Technologies, leaving no remaining financial obligations or equity interest in 24M.
該公司還終止了與2400萬科技公司的半固態技術許可證，不再對2400萬承擔任何財務義務或股權利益。
In a separate report, the company reported a third-quarter 2024 EPS loss of $(0.20), missing the consensus of $(0.18).
在另一份報告中，公司報告2024年第三季度每股收益虧損爲（0.20）美元，低於共識價值（（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的現金、現金等價物和限制性現金爲18410萬美元。
FREY Price Action: FREYR shares are up 42.03% at $1.38 at publication Wednesday.
FREY價格動態：截至週三，FREYR的股票上漲42.03%，報價爲1.38美元。
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Photo: Courtesy of Freyr Battery
圖片：Freyr電池提供
