Elinor Batteries is developing a large-scale battery manufacturing facility near Trondheim, Mid-Norway, focusing on sustainable production methods and environmental responsibility. The company plans to utilize 100% renewable energy and Nordic mineral resources to produce batteries for the European Energy Storage market. With production scheduled to begin in 2026, the facility aims to reach an annual capacity of 40 GWh, equivalent to supplying batteries for approximately 700,000 to 800,000 electric vehicles. The project represents a significant investment of EUR 3 billion by 2030 and is expected to create thousands of jobs in the region.
Battery Technology
Elinor Batteries specializes in Lithium Iron Phosphate (LFP) battery technology, which offers significant environmental advantages by eliminating the need for cobalt and nickel in production. Their manufacturing process incorporates advanced techniques developed through their partnership with Morlus Technology, a respected Chinese battery manufacturer. The company’s batteries are specifically designed for stationary energy storage applications, including:
- Building energy management systems
- Industrial power solutions
- Electric vehicle charging stations
- Marine applications
- Grid frequency regulation
- Microgrid construction
The production facility will operate on completely renewable energy sources, minimizing the environmental impact of battery manufacturing. Through collaboration with SINTEF, Elinor has successfully produced initial battery cells at the Trondheim battery laboratory, marking significant progress in establishing sustainable battery production in Norway.
Recent Projects
In late 2024, Elinor Batteries formed a strategic partnership with Stella Futura to strengthen their position in the Nordic Battery Energy Storage Systems (BESS) market. This collaboration aims to secure 100 MWh of BESS installations in 2025, with plans to achieve 5 GWh of total installed capacity by 2030. The company has also successfully initiated test production of battery cells in partnership with SINTEF at their Trondheim laboratory.
Investors
Elinor Batteries is primarily funded by Valinor, a Norwegian green investment firm. While specific investment amounts are not publicly disclosed, the company has secured significant backing for its initial development phase. Their strategic partnership with Morlus Technology provides technical expertise and industry knowledge, though Morlus is not an investor in the company.
Business Details
Location: Eiktyr Industry, Orkland, Mid-Norway
Website: https://elinorbatteries.com
LinkedIn: https://www.linkedin.com/company/88466054