Amendment: SEC Form SCHEDULE 13D/A filed by FREYR Battery Inc.

Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following: As further described in Item 4 below, pursuant to the Purchase Agreement, at the Closing, certain funds and accounts managed by ECA acquired 5,000,000 shares of Preferred Shares for $50.0 million.

Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: On December 23, 2024, the Issuer completed the previously announced transactions contemplated under the Transaction Agreement entered into with the Seller on November 6, 2024 for the acquisition of all legal and beneficial ownership in the shares of capital stock of Trina Solar US Holding Inc., a Delaware corporation, which owns, directly or indirectly, all legal and beneficial ownership in the shares of capital stock of, or other ownership, membership or equity interest in (a) TUMH, (b) TUMA, (c) TUM 1, and (d) TUM 2 (the "Closing"). At Closing, in connection with the Issuer's efforts to finance in part the construction, commissioning and ramp-up related to the solar cell manufacturing facility to be developed by TUM 2, including general corporate purposes related to the assets to be acquired by the Issuer pursuant to the transaction, the Issuer issued a first tranche of 5,000,000 shares of its Preferred Shares to certain funds and accounts managed by ECA in exchange for $50.0 million pursuant to the terms of the Purchase Agreement. Following the Closing and at the Issuer's sole discretion upon proceeding to a final investment decision on TUM 2, the Issuer may issue an additional second tranche of 5,000,000 shares of Preferred Shares to such funds in exchange for $50.0 million.

Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by the Reporting Persons is based upon 155,937,847 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") outstanding, which is the total number of Shares outstanding as of December 23, 2024, based on information received from the Issuer. The ownership of each Reporting Person in this Item 5 includes the Shares issuable upon the exercise of warrants that are exercisable within 60 days. Each Reporting Person may be deemed to be a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and, accordingly, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. However, each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. A. ECA Amount beneficially owned: 13,818,733 Shares Percentage: Approximately 8.8% B. ECP Amount beneficially owned: 9,599,716 Shares Percentage: Approximately 6.1% C. Mr. Kantor Amount beneficially owned: 13,818,733 Shares Percentage: Approximately 8.8%

Item 5(b) is hereby amended and restated to read as follows: A. ECA 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 13,818,733 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 13,818,733 B. ECP 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 9,599,716 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 9,599,716 C. Mr. Kantor 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 13,818,733 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 13,818,733

Item 5(c) is hereby amended and restated to read as follows: Except for the acquisition of the Preferred Shares in connection with the Closing as further described in Items 4 and 6, the Reporting Persons have not entered into any transactions in the securities of the Issuer during the past sixty days.

Item 6 of the Schedule 13D is hereby amended and supplemented by the addition of the following: The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6.