Morrow Batteries ASA announces IPCEI partnership, secures funding to advance next-generation battery technology.
The Norwegian battery company has been awarded 345 million NOK from Innovation Norway under the IPCEI European business program. The funding will support the R&D development of a new battery technology that utilises less lithium and nickel than current batteries combined with manganese oxide (LNMO).
Morrow Batteries ASA (Morrow) has also qualified as an associated partner in the IPCEI European Battery Innovation program (EuBatIn).
Lars Christian Bacher, Morrow CEO, said:
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This is a day of celebration. We are proud that Morrow Batteries meets the stringent quality requirements to become an associated partner in IPCEI European Battery Innovation.
“Achieving this partnership status speaks volumes about our dedication and progress”,
He adds, “Morrow has had a strong and close collaboration with Innovation Norway both at the local and central levels. They have provided valuable input and feedback throughout the process and played a crucial role in our successful application.”
According to Bacher, the IPCEI partnership and funding hold immense significance. The battery technology and production company inaugurated Scandinavia’s largest battery research centre last year and is eager to advance its development of the promising LNMO batteries. This technology is significantly more sustainable than existing technologies, enabling Morrow to produce environmentally friendly and cost-effective batteries.
In tandem, the company has initiated test production of LFP batteries. The first customer samples were dispatched in November 2023, and Morrow is currently in discussions with potential buyers. In Arendal, they plan to commence full-scale production of LFP batteries in the third quarter, marking a crucial milestone for the company.
Sveinung Hovstad, the Regional Director for Innovation Norway in Agder, highlights the strong collaboration with Morrow Batteries since the company’s inception:
We are committed to supporting Morrow Batteries by equipping them with the necessary resources to bolster their prospects for success in their efforts to take a leading position in the European battery industry.
“With Morrow’s strong foundation, exceptional expertise, and environmentally friendly production practices, coupled with the enthusiastic backing of the local community, we aim to empower them on their journey”.
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Morrow Batteries ASA announces IPCEI partnership, secures funding to advance next-generation battery technology. source
