Honeywell, Freyr team up to deploy energy storage solutions
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Honeywell (NASDAQ:HON) and Freyr Battery (NYSE:FREY) sign an agreement to provide smart energy storage solutions for a range of commercial and industrial customers through next-generation battery cells; financial terms are not disclosed.
As part of the deal, Honeywell will buy 19 GWh of battery cells produced by Freyr during 2023-30 for a multitude of energy storage systems applications.

Freyr, +9.7% pre-market, says it will use Honeywell's technology, including integrated automation, field instrumentation and security integration to provide manufacturing capacity at scale in Europe and the U.S.
Seeking Alpha contributor Matt Bohlsen has called Freyr Battery "a great speculative long term buy as li-ion battery demand is set to grow 10-22x this decade."