Specializes in Lithium Iron Phosphate (LFP) and Lithium Nickel Manganese Oxide (LNMO) battery chemistries, offering LFP solutions with cleaner sourcing, reduced costs and extended cycle life, and cobalt-free LNMO cells with enhanced energy density. R&D includes next-generation graphene-enhanced Lithium-Sulfur batteries. Manufacturing integrates physics-based simulations for cell design and machine learning in collaboration with Citrine Informatics to optimize development and reduce time-to-market.
Battery cell product lines include LFP battery cells for energy storage and commercial applications, LNMO cells for BESS, mobility and industrial uses, and R&D-stage graphene-enhanced Lithium-Sulfur batteries.
Developing a gigafactory with adjusted LFP production start in 2025 backed by NOK 100 million additional investment and a NOK 1.5 billion loan from Innovation Norway, with continued focus on core activities despite workforce adjustments.
The major investors are Å Energi, Maj Invest (PKA), Siemens Financial Services, ABB, Nysnø, SIVA, Agder Energi Venture, and NOAH.
