Innovation Norway has announced granting Morrow Batteries ASA ("Morrow") a loan facility of NOK 1.5 billion. The loan facility will be available for Morrow to fund the scale-up and development of battery manufacturing in Norway.
The loan facility contributes to the realisation of the government's battery strategy and provides Morrow access to liquidity for its business plan.
Morrow's main pr
Morrow Batteries ASA
Electrifying Society with Norwegian-Made Batteries
Morrow Batteries (Morrow) is dedicated to accelerating the energy transition with cost-effective and sustainable battery solutions. Our goal is to become a leading European specialist supplier by developing tailored batteries for energy storage, niche sectors, and, eventually, automotive applications.
Morrow Batteries (Morrow) has signed a Letter of Intent for collaboration with Finnish tech company Proventia, a leading developer and supplier of clean technologies for prominent global engine and machine manufacturers. The Letter of Intent addresses the development of battery packs with Morrow’s LFP cells (lithium iron phosphate) for heavy-duty machinery.
Morrow has opened its first factory
The MoU will be signed at ONS in Stavanger, Norway at 4:00 PM today, Tuesday, August 27th.
The signing ceremony is open for media, and you are welcome to the press conference room in Hall 10 (DNB Arena) 3rd floor.
Anna Zamazeeva, Head of SAEE and Lars Christian Bacher, CEO of Morrow Batteries are both present and available for interviews.
Morrow Batteries has agreed on a Memorandum of underst
Today, Norway's Prime Minister, Mr Jonas Gahr Støre, inaugurates Morrow Batteries' and Europe's first gigawatt-scale factory for LFP batteries in Arendal, Norway.
Reaching another significant milestone, Morrow will be able to produce up to 3 million battery cells annually, or 1 GWh capacity.
Test production has already started. Morrow will work closely with customers to fine-tune th
Europe's largest LFP factory set to commence production in Q3 2024
Morrow Batteries ASA (“Morrow”) will commence mass production at Europe’s first gigawatt-scale factory for LFP batteries in 2024. In 2024, Morrow has reached significant milestones in technology, market, organisation and financing.
The company will present an Industrial Update at a webcast on Tuesday, May 28, 2024.
“Durin
Morrow Batteries ("Morrow") is raising €48.4 million in new capital to finance the company's further industrialisation. The company is presenting its annual report today, and development is proceeding as planned towards opening Norway's first battery factory in the summer of 2024.
The company raised capital in a share issue directed toward existing shareholders. The main shareholders, Å Energi,
Follow our journey at morrowbatteries.com and @MorrowBatteries on LinkedIn.
