Image - 5 December 2023

Lars Christian Bacher

Chief Excecutive Officer

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Naja Boone

Press contact Director of Marketing & Communications naja.boone@morrowbatteries.com

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

9 October 2023 08:00

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

24 May 2024 13:20

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

23 May 2024 12:16

The major shareholders finance further development of Morrow Batteries

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,

I tillegg til standardiserte UL9540 A og UN38.3, har LFP B-prøvene produsert av Morrow bestått IEC 62660-2, IEC 62619 og nylig den strengere IEC 62660-3-samsvarstesten. Lær mer om IEC-standarder.

31 October 2023 08:00

Morrow Batteries sender sertifiserte LFP batterier til kunder, og tar enda et viktig skritt mot fullskala produksjon i 2024

INDUSTRIELL OPPDATERING:
Morrow Batteries ASA («Morrow»), et industrielt batteriteknologiselskap, har produsert og sertifisert LFP battericeller som nå sendes til potensielle kunder for videre validering.
"Dette er en betydelig operasjonell og teknologisk milepæl for Morrow Batteries. Våre LFP B-prøver viser utmerkede kvalitets- og sikkerhetsegenskaper. Å fullføre flere, internasjonale kvali

22 September 2023 17:56

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

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.

31 October 2023 08:00

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

5 July 2023 12:50

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

12 May 2023 15:28

Morrow Batteries henter 567 millioner i konvertibelt lån

Morrow Batteries ASA ("Morrow") har inngått en avtale med fire av sine største aksjonærer om et konvertibelt lån på 567 millioner kroner. Dette gir selskapet kapital til å fortsette utviklingen i Arendal som tidligere kommunisert. Første fabrikk åpner i første kvartal 2024.
Selskapet er i en fase med kraftig og rask vekst, og låneprovenyet skal gå til å finansiere den videre oppbyggingen av Mo