Morrow Batteries
Founded in 2020, Morrow Batteries is a battery manufacturing company constructing a giga-scale battery cell factory in Southern Norway. Morrow Batteries focuses on the development, manufacturing, and marketing of Li-ion battery cells for various applications, such as battery energy storage systems (BESS), automotive, and maritime sectors. The company aims to use 100% clean energy in its battery cell production.
Investment rationale
The company has a strategic partnership with Topsøe, who has validated the technological potential. Morrow has an experienced management team and is backed by both industrial conglomerates (ABB, Siemens) and government players (SIVA, Nysnø). Morrow has access to 100% renewable energy at competitive prices.
Year of investment
2021
