Let the fun begin Freyr Business update"Business Update The ESS market represents a rapidly growing opportunity for FREYR. In May 2021, Rystad Energy forecasted that approximately 1,800 GWh of battery capacity or flexible energy sources will be required to back up solar and wind power in the U.S. by 2030 based on the Biden administrations announced decarbonization goals. In May 2021, FREYR announced that it entered into an MoU with ESS manufacturer Eguana Technologies Inc. for the potential offtake of high-density and cost-competitive battery cells over five years. Under the agreement, FREYR will also engage Eguana in designing and producing cost-optimized, standardized battery modules."