On July 9, 2021, FREYR AS, a Norway-based developer of clean, next-generation battery cell production capacity, announced the completion of its business combination with Alussa Energy Acquisition Corp., a Cayman Islands exempted, publicly listed special purpose acquisition company (SPAC), to become publicly listed company now known as "FREYR Battery." FREYR's common stock began trading on the New York Stock Exchange under the ticker symbol "FREY" and "FREY WS" (common stock and warrants, respectively) on July 8, 2021. Wilson Sonsini Goodrich & Rosati represented FREYR in the transaction.

FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the company as one of Europe’s largest battery cell suppliers. FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably sourced supply chain. FREYR plans to utilize Norway’s inherent advantages, including access to renewable energy, some of Europe’s lowest electricity prices, and shorter delivery distances to main markets in Europe and the U.S. The company is partnering strategically on next-generation semi-solid battery cell technology that is expected to materially reduce manufacturing costs and provide a highly competitive market position for FREYR. 

The Wilson Sonsini team that represented FREYR in the transaction includes:

Corporate
Mark Solakian, Partner
Mark Baudler, Partner
Steven Bernard, Partner
Jennifer Fang, Partner
Kenisha Nicholson, Senior Counsel
Amanda Pollard, Associate
Laura Duncan, Associate
Amanda Creedon, Associate
Zack Lenox, Associate
Reilly Clark, Associate

Mergers & Acquisitions
Ethan Lutske, Partner
Kenji Strait, Associate
Lynn Zheng, Associate

Employee Benefits and Compensation 
Sriram Krishnamurthy, Partner
Matthew Norgard, Associate

Tax
Jonathan Zhu, Partner
Derek Wallace, Of Counsel

Technology Transactions
James Clessuras, Partner
Robert Parr, Associate

For more information, please see FREYR's press releases on the closing of its business combination and its initial announcement of the agreement.