Categories: investor relations
Ny milepæl for Morrow Batteries etter fullførte utstyrs- og fabrikktester for første batterifabrikk
Morrow Batteries ASA ("Morrow") har fullført fabrikktester (FAT) for alt produksjonsutstyret som skal installeres i Morrow Cell Factory (MCF), selskapets første av fire fabrikker i Arendal. Installeringen har allerede startet, og Morrow følger planen om produksjonsstart i midten av 2024.
Testene har blitt utført i Sør-Korea siden slutten av mai 2023 for alt utstyret til produksjonslinjen, gjenn
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
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
Morrow Batteries sender sertifiserte LFP batterier til kunder, og tar enda et viktig skritt mot fullskala produksjon i 2024
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
Morrow Batteries sends certified LFP B-sample batteries to customers, taking yet another step towards GWh scale production
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 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 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 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.
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
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
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 (“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 ("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 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
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
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
Morrow Batteries ASA raises NOK 567 million in a convertible loan
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 started battery cell production at its technology development centre in South Korea
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
Morrow Batteries and Eldrift signs MoU for long-term supply of Battery Energy Storage Solutions
Morrow Batteries (Morrow) and Eldrift have agreed to establish a long-term supply of batteries for Eldrift's battery energy storage solutions. This partnership further strengthens Norway's position as a hub for Europe's battery and energy storage industry.
Under the non-binding offtake agreement, Eldrift has committed to purchasing 1.5 GWh of Morrow's batteries starting in 2024, when Morrow sta
Morrow Batteries announces significant development milestone with the production of A-sample LFP cells
Morrow Batteries ASA (Morrow) has successfully developed its first LFP battery cell.
“We are happy to announce that we have produced, certified and delivered A-sample LFP battery cells to select customers. I congratulate the dedicated team on this achievement after lots of hard work”, says Dr. Rahul Fotedar, Morrow’s Chief Technology Officer.
The A-sample is the first step toward commercial