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Innovasjon Norge gir 1,5 milliarder kroner i låneramme til Morrow Batteries ASA

Innovasjon Norge gir 1,5 milliarder kroner i låneramme til Morrow Batteries ASA


Innovasjon Norge har tildelt Morrow Batteries ASA ("Morrow") en låneramme på 1,5 milliarder kroner. Dette gir tilgang til finansering av selskapets forretningsplaner. Morrow kan trekke på lånerammen for å skalere opp og utvikle batteriproduksjon i Norge.

Beslutningen bidrar til å realisere regjeringens batteristrategi og gir Morrow tilgang til likviditet for selskapets forretningsplan.<

Innovation Norway grants NOK 1.5 billion loan facility to Morrow Batteries ASA

Innovation Norway grants NOK 1.5 billion loan facility to Morrow Batteries ASA

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

GreenRoc and Morrow Batteries sign MoU for sustainable battery materials

GreenRoc and Morrow Batteries sign MoU for sustainable battery materials

Morrow Batteries ASA (“Morrow”) and GreenRoc Strategic Materials plc (AIM: GROC) have signed a non-binding Memorandum of Understanding (MoU) to collaborate on the development of graphite active anode material (AAM), which is essential for advanced battery technology.
The development partnership aims to establish a sustainable Nordic battery value chain, with GreenRoc supplying graphite from its

Morrow og Proventia har signert en intensjonsavtale for å utvikle europeiske LFP-batteripakker for tungt maskineri

Morrow og Proventia har signert en intensjonsavtale for å utvikle europeiske LFP-batteripakker for tungt maskineri

Morrow Batteries (Morrow) har inngått en intensjonsavtale om samarbeid med det finske teknologiselskapet Proventia, en ledende utvikler og leverandør av rene teknologier for fremtredende globale motor- og maskinprodusenter. Intensjonsavtalen omhandler utvikling av batteripakker med Morrows LFP-celler (litiumjernfosfat) for tungt maskineri.


Morrow har åpnet sin første gigafabrikk i Arend

LFP battery cells from the Morrow Cell Factory in Arendal, Norway.

Morrow and Proventia have signed a Letter of Intent to develop European LFP batteries for non-road 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

Morrow Batteries signerer intensjonsavtale med Ukraina

Morrow Batteries signerer intensjonsavtale med Ukraina

Signering av avtalen skjer på ONS i Stavanger klokken 1600 tirsdag 27. august Presse og andre interesserte er velkommen til presserommet i Hall 10 (DNB Arena), 3. etasje Anna Zamazeeva og Lars Christian Bacher er begge til stede og tilgjengelig for intervjuer
Morrow Batteries (Morrow) har blitt enige om en intensjonsavtale med det statlige byrået for energieffektivitet og energisparing i Ukr

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

Jonas Gahr Støre Prime Minister of Norway officially inaugurates Europe's first LFP battery gigafactory

Jonas Gahr Støre Prime Minister of Norway officially inaugurates Europe's first LFP battery gigafactory

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

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

The major shareholders finance further development of Morrow Batteries

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,

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

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

Follow our journey at morrowbatteries.com and @MorrowBatteries on LinkedIn.

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