Alussa Energy Acquisition Corp.

Alussa Energy Acquisition Corp. was structured as a special purpose acquisition company (SPAC) with the objective of effecting a merger, share exchange, asset acquisition, or similar business combination within the energy sector. Incorporated in 2019 and based in Grand Cayman, the Cayman Islands, its primary focus was on facilitating projects related to the production, operation, and development of crude oil, natural gas wells, and related infrastructure. The company raised capital through its initial public offering to identify and merge with a prominent target in the energy industry, leveraging its investment platform to unlock value and growth potential. Alussa Energy Acquisition Corp. played a pivotal role in the clean energy transition through its business combination with FREYR AS, a Norway-based producer of next-generation battery cells. This strategic transaction was completed in July 2021, resulting in the formation of FREYR Battery. The newly combined entity set out to become a significant supplier of clean, high-density battery cells to burgeoning markets such as electric vehicles, energy storage solutions, and marine applications, underscoring Alussa’s instrumental position in advancing sustainable energy initiatives through capital market mechanisms.