Morrow Batteries, established in 2020 in Norway, is an industrial battery manufacturer dedicated to accelerating the green energy transition. The company focuses on developing sustainable, cost-effective battery solutions for various applications, including electric vehicles, energy storage systems, and maritime uses. With plans to produce 1 GWh of battery cells by 2024 and expand to 43 GWh by 2028, Morrow Batteries aims to establish a fully traceable supply chain by 2030. The company’s emphasis on environmental responsibility is evident in its use of renewable hydroelectric power for production and its commitment to sustainable manufacturing practices.
Battery Technology
Morrow Batteries specializes in multiple battery technologies, with a primary focus on Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Oxide (LNMO) solutions. Their LFP batteries offer advantages in cleaner sourcing, reduced costs, and extended cycle life, making them suitable for energy storage systems and automotive applications.
The company’s LNMO technology represents a significant advancement, replacing cobalt with manganese to create more sustainable and affordable batteries. This innovation results in enhanced energy density and improved performance for heavy mobility applications such as trains, trucks, and ferries. Morrow’s research and development efforts also include work on next-generation graphene-enhanced Lithium-Sulfur batteries, promising increased performance and reduced environmental impact.
Their manufacturing process integrates advanced digital solutions, including physics-based simulations for cell design optimization. Through collaboration with Citrine Informatics, the company implements machine learning to enhance battery development processes, reducing time-to-market while maintaining high performance standards.
Recent Projects
In early 2024, Morrow Batteries announced significant developments in their production timeline. The company has adjusted its schedule for starting LFP battery production to Q3 2025, involving additional investment of NOK 100 million. Innovation Norway has provided substantial support with a NOK 1.5 billion loan facility to advance the company’s manufacturing capabilities. Despite recent workforce adjustments, Morrow continues progress on its giga-factory development, maintaining focus on core activities to ensure successful production launch.
Investors
Morrow Batteries has attracted significant investment from prominent organizations. Major stakeholders include Å Energi, Maj Invest (PKA), Siemens Financial Services, ABB, and government-backed investors Nysnø and SIVA. The company also benefits from support through Agder Energi Venture and NOAH, a Gjelsten Holding subsidiary. This diverse investment structure provides strong financial backing for Morrow’s ambitious manufacturing and technology development plans.
Business Details
Location: Arendal, Norway
Website: https://morrowbatteries.com
LinkedIn: https://www.linkedin.com/company/53420092
