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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 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 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
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
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 (“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 ("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 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
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
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
Morrow Batteries ASA (“Morrow”) today announces an agreement with four of its main shareholders on a convertible loan of NOK 567 million, funding the continued development in Southern Norway. The first battery factory is scheduled to open in the first quarter of 2024. The company is growing fast and the proceeds from the convertible loan will finance the continued build-up of Morrow Batteries’
Morrow Batteries has announced that its Customer Qualification Line (CQL) in Chungju-si, Korea is now operational."We are delighted to announce another milestone for Morrow Batteries. Following the successful development of an A-sample Lithium iron phosphate (LFP) battery cell earlier this year, we will now be able to produce up to 2.000 final format prismatic cells monthly at our production l
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