Now at the end of the day we are — to a large extent people behind FREYR are upstream based people coming from raw material businesses. So we do fundamentally understand a little bit around how to secure profitability in the raw material based industry. So how to do that and in the most, let’s call it profit accretive way for the company is embedded in what we label the industrialization partner of choice approach. We on the one hand will be a large off-taker of product or volume of lithium hydroxide, lithium carbonate, LFP material, anode material, copper foil and so on and so forth. And on the other hand, we see an opportunity to offer our experience in energy, energy intensive and process intensive industries and that combination is part of what is triggering a broad variety of stakeholders again multibillion dollar global companies to actually one thing to partner with FREYR not only from battery cell production point of view but also potentially upstream.
And that is something that will play itself out both in Europe and in the United States over the coming months and years, essentially. So we are cognizant of the challenge. Clearly, we have a broad variety of partners that want to team up with us. We have secured raw materials contractually, as mentioned, to Giga Arctic up until 2028. We have about 20 processes ongoing now for broadening that out, including also looking into how to secure raw materials from the U.S. So all in all, I think we are in decent shape in this regard.
Maheep Mandloi: Got it. Really appreciate that. And I’ll take the rest offline. Thank you.
Tom Einar Jensen: Thanks, Maheep.
Operator: Thank you. And our final question today goes to Gregory Lewis of BTIG. Greg, please go ahead. Your line is open.
Gregory Lewis: Hey, thank you very much, and good afternoon and good morning everybody. Tom, just realizing that the causal along, I’ll just keep it to one question. I was hoping like realizing that the CQP live stream is going to be next month pretty exciting. Beyond that, is there any way we should kind of think about event path, timelines, hurdle rates for how we think kind of news flow, once the CQP is up as we kind of as basically 2023 moves forward?
Tom Einar Jensen: Yes. Well, there’s going to be a lot of events and news flow coming from FREYR in 2023, that’s for sure. We are moving from, as I’ve said, being a “PowerPoint Company” to becoming a battery company with a headache and opportunities that come with that. I think the 28 of March is, of course an event where more color around what is in front of us will be presented including potential, more nuance around the partnership-based approach and how we’re sort of faring and all of that. And then principally, you should expect us to of course report performance in the CQP. You should expect us to report on the electrochemical properties of the batteries we produce. You should expect us to report on the development and yield, and uptime and the facility.
You should expect us to communicate around additional customer traction, which could also branch into mainstream EV and you should expect us to sort of a course report on progress on the financing side ESS project finance and or additional industrial strategic or financial partners on project level or otherwise as we might see appropriate. We will be sort of moving forward at pace as we have been doing and now we have a real asset, which will document to the world the degree of our ability to produce batteries, and we are well prepared for the challenge, but we don’t expect it to be a smooth ride, but we expect it to be a very exciting year.
Gregory Lewis: Okay. Great day. Thank you very much and have a great rest of the day.
Jeremy Bezdek: Thanks, Greg.
Tom Einar Jensen: Thank you, Greg.
Operator: Thank you. We have no further questions. I’ll hand back to Jeffrey Spittel for any closing remarks.
Jeffrey Spittel: Thanks, Nadia. Well, thank you all very much for your time and interest. Please don’t hesitate to reach out to me with additional questions and we look forward to seeing a number of you in person or virtually on the road starting this week. That will conclude the call. Thanks again.
