Shares of Norwegian battery start-up Freyr Battery (NYSE: FREY) were trading sharply higher at midday on Wednesday after the company announced a deal to sell 19 gigawatt-hours (GWh) of batteries to Honeywell (NASDAQ: HON) over the next several years. As of 12:15 p.m. ET, Freyr Battery's shares are up about 11.6% from Tuesday's closing price. Freyr Battery is a start-up aiming to bring advanced lithium-ion battery cells to market at scale.
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