Freyr AS announced the combined company will be named ?FREYR Battery? ("Pubco"). Pubco will have an eight-person board of directors.

FREYR has nominated Torstein Dale Sjøtveit, Peter Matrai and Olaug Svarva as directors of Pubco. Svarva is the Chair of the Board of DNB ASA and Norfund and a Director at Investinor AS. Svarva was previously CEO of The Government Pension Fund Norway from 2006 to 2018.

Matrai is a co-founder of FREYR with decades of experience in finance, technology commercialization and operations within bioenergy and sustainability ventures. Sjøtveit is one of the founders of FREYR, Chairman nominee and brings over 35 years of executive leadership experience developing complex utility and energy projects globally. Alussa Energy has tentatively nominated Daniel Barcelo, German Curá and Monica Tiúba as directors of Pubco.

Tiúba is a Director of the Board of Tenaris S.A. and the Chair of the audit committee; Curá is Vice Chairman of the Board of Tenaris S.A.; and Barcelo is founder and Chief Executive Officer of Alussa Energy. FREYR and Alussa Energy have also agreed to nominate to the Pubco board of directors Jeremy Bezdek, a Managing Director at Koch Strategic Platforms, a strategic investor in the PIPE.