Categories: investor relations

Morrow Batteries signs Memorandum with the State Agency on Energy Efficiency and Energy Saving of Ukraine

Morrow Batteries signs Memorandum with the State Agency on Energy Efficiency and Energy Saving of Ukraine

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

Morrow Batteries’ Industrial Update May 2024: Press Release and Webcast Invitation

Morrow Batteries’ Industrial Update May 2024: Press Release and Webcast Invitation

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

From left: Morrow CEO Lars Christian Bacher and Nordic Batteries CEO Jarle Gjøsæther at Hannover Messe today 2pm CET.

Morrow secures strategic agreement with Nordic Batteries

Morrow Batteries ("Morrow") and Nordic Batteries have signed an agreement for 5.5 GWh Lithium Iron Phosphate (LFP) BEV2 batteries over seven years. The first batteries will be sold from Morrow towards the end of 2024.
The agreement was signed today at the world's leading industry fair, Hannover Messe, in Germany.
"We are thrilled to announce a signed agreement and particularly excited to si

Illustration photo from Morrow's Customer Qualification Line (CQL) in South Korea.

30% increased cycle life for Morrow-made LFP batteries

Morrow Batteries ASA (Morrow) reports significantly improved product performance on its Lithium Iron Phosphate (LFP) batteries.
Morrow's engineering and research team have successfully increased the cycle life of the company's first product by 30%. Simultaneously, the energy density has increased by 10%.
“At Morrow, we believe in continuous learning and improvement. Our team has already pro

Morrow Batteries ASA announces IPCEI partnership, secures funding to advance next-generation battery technology

Morrow Batteries ASA announces IPCEI partnership, secures funding to advance next-generation battery technology

The Norwegian battery company has been awarded 345 million NOK from Innovation Norway under the IPCEI European business program. The funding will support the R&D development of a new battery technology that utilises less lithium and nickel than current batteries combined with manganese oxide (LNMO).
Morrow Batteries ASA (Morrow) has also qualified as an associated partner in the IPCEI Europ

Christin-Marie Boudgoust joins Morrow as Chief Commercial Officer

Morrow Batteries announces key leadership appointments to drive innovation and growth

Christin-Marie Boudgoust joins Morrow as Chief Commercial Officer Jon Fold von Bülow assumes the Chief Science Officer role

Morrow Batteries is pleased to welcome Christin-Marie Boudgoust as the Chief Commercial Officer (CCO). With extensive experience in international business development and technical sales within the battery industry, Christin-Marie will play a pivotal role in e

Morrow Batteries announces factory acceptance tests (FATs) concluded in South Korea, taking the company closer to production start

Morrow Batteries announces factory acceptance tests (FATs) concluded in South Korea, taking the company closer to production start

Morrow Batteries ASA ("Morrow") has concluded the FATs in Asia of all the production equipment for the Morrow Cell Factory (MCF), the company's first factory in Norway. Installation has already started in Arendal, and Morrow is scheduled to start battery production in mid-2024.
The battery manufacturer has conducted FATs since late May, starting with the coating line, followed by the mixing li

Morrow Batteries' Industrial Update November 2023: Press Release and Webcast Invitation

Morrow Batteries' Industrial Update November 2023: Press Release and Webcast Invitation

Reaching significant operational and technological milestones, verified B-sample batteries pushing Morrow close to production start
Morrow Batteries ASA ("Morrow") will be the first manufacturer to commence GWh scale battery production in Norway at its first factory in Arendal in mid-2024. The plan is supported by several important milestones so far this year, including the verification of the

In addition to the standardised UL9540 A and UN38.3, the LFP B-samples made by Morrow have passed IEC 62660-2, IEC 62619 and recently, the more stringent IEC 62660-3 compliance test.

Morrow Batteries sends certified LFP B-sample batteries to customers, taking yet another step towards GWh scale production

INDUSTRIAL UPDATE:
Morrow Batteries ASA («Morrow»), the industrial battery technology company, has produced and certified LFP B-sample batteries that are now ready for shipment to potential customers for further validation.
“We are pleased to reach this significant operational and technological milestone. Completing multiple international acceptance tests with strong results brings us to th

Morrow Batteries appoints Steffen Føreid as new Chief Financial Officer

Morrow Batteries appoints Steffen Føreid as new Chief Financial Officer

Morrow Batteries ASA ("Morrow") announces the appointment of Steffen Føreid as Chief Financial Officer. Føreid brings considerable capital markets and strategic management expertise, setting the stage for Morrow's expansive industrial growth.
"I'm very pleased that Steffen joins Morrow. He brings almost 15 years of CFO experience from the energy and maritime sectors. In addition to his prowess

Morrow Batteries raises up to EUR 70 million in new capital from its owners

Morrow Batteries raises up to EUR 70 million in new capital from its owners

Morrow Batteries ASA ("Morrow") is raising up to EUR 70 million (approximately NOK 800 million) through a private placement guaranteed by the company's largest owners. The raise in two tranches provides the company with capital to continue its development of next-generation sustainable batteries and brings Morrow closer to commercial production. The company's extraordinary general meeting on Septe

The Board of Directors of Morrow Batteries proposes to raise up to EUR 70 million in new capital from its owners

The Board of Directors of Morrow Batteries proposes to raise up to EUR 70 million in new capital from its owners

The Board of Directors of Morrow Batteries ASA ("Morrow") proposes to the company's extraordinary general meeting (EGM) that the company raises up to EUR 70 million in new equity (approximately NOK 800 million). The proceeds will be used to continue the development of next-generation sustainable batteries and strengthen the investment in the industrial park in Arendal, Southern Norway.
The tra

Morrow Batteries, Nordic Batteries and Eldrift join forces to build Norwegian battery supply-chain

Morrow Batteries, Nordic Batteries and Eldrift join forces to build Norwegian battery supply-chain

Morrow Batteries of Arendal, Norway, announces it is entering into a strategic partnership with Nordic Batteries and Eldrift to develop complete battery packs for mobile and stationary battery energy storage solutions (BESS). The overall project and product pipeline amounts to 7 GWh until 2030.
The three Norwegian companies will comprise a large part of the battery systems supply chain. Morro

Dr. Rahul Fotedar of Morrow Batteries and Mr. Jan Böbel of Gamma Technologies last week in Arendal, Norway.

Morrow Batteries partners with Gamma Technologies on the virtualisation of cell development

Morrow Batteries (Morrow) partners with Gamma Technologies (GT), a leading multi-physics systems simulation software provider. GT’s industry-preferred electrochemical models will be used for physics-based digital twin simulations of Morrow’s battery cells.
“This is a milestone for Morrow Batteries, enabling us to accelerate our battery cell technology development. GT’s innovative technology re

Electric truck transporting equipment from the Port of Arendal to Morrow Cell Factory.

New milestone reached as Morrow Batteries installs dry room at Morrow Cell Factory

Morrow Batteries ("Morrow") is approaching the next important milestone: On 21 August, the cell factory building will be ready to install the dry room. This sealed, airtight chamber ensures a dry and clean environment needed to develop the world’s most sustainable batteries.
“The company is growing fast, and so is the battery cell factory that is rapidly rising in Arendal. With our team of con

Morrow Batteries aim to realise the first prismatic LNMO battery cell in the world early 2024

Morrow Batteries aim to realise the first prismatic LNMO battery cell in the world early 2024

Morrow Batteries (“Morrow”) is proud to announce that it expects to produce the first next-generation LNMO-X batteries at its Customer Qualification Line during Q1 2024. The cell is a world-first with the configuration of this material.
Lithium Nickel Manganese Oxide (LNMO) technology replaces cobalt with cheap and abundant manganese as a scaffold to better use the lithium and nickel inside the

Morrow Batteries and Siemens strengthen collaboration to automate and optimise battery production

Morrow Batteries and Siemens strengthen collaboration to automate and optimise battery production

Morrow Batteries ("Morrow") has entered into a preferred supplier agreement with Siemens to optimise and automate its battery production, ensuring leading process control and top-of-class battery quality.
“Extreme precision is critical to achieving the quality needed to succeed in battery production. Automating as many processes as possible with cutting-edge technology from Siemens is needed to

Morrow Cell Factory in early July 2023

Morrow Batteries and Veidekke partner to build first fully re-usable factory building

Morrow Batteries, the industrial battery technology company, are joining forces with Veidekke, Norway’s leading construction company, to build a factory that can be dismantled and fully re-used and re-purposed in the future.
“At Morrow, we are on a mission to speed up the energy transition with cost-effective and sustainable batteries. To get there, we are determined to build environmentally so

The Morrow CQL in Chungju-si, Korea

Morrow Batteries achieves yield of 86 per cent from Customer Qualification Line in Korea in four months

Morrow Batteries ASA (Morrow) is announcing it has achieved stable production of battery cells at its Customer Qualification Line (CQL) in South Korea with a yield of 86 per cent. According to industry standards, the average yield is at 70% yield in the beginning, then moves up to 88-92% in the first two years of production. "Achieving 86% in four months suggests high efficiency and effectiveness

Gaole Qian and Surabhi Gupta - both scientists at Morrow Batteries cuts the red ribbon at the opening ceremony

Morrow Batteries opens Norway’s largest battery research centre in Southern Norway

Morrow Batteries today inaugurates its battery research and innovation hub, the Morrow Research Centre, in Grimstad, Norway.
The centre is at the University of Agder's Campus in Grimstad, spanning 2,000 square meters of high-tech lab space and another 1,700 square meters of modern office space. It will house most of Morrow’s research activities and the development of Morrow Batteries' next-gene

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Speeding up the energy transition with cost-effective and sustainable batteries.

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