Author name: Chris Lienemann

The board of Morrow Batteries ASA has resolved to file for bankruptcy proceedings. The same decision was made for the subsidiaries Morrow Technologies AS and Morrow Industrialization Center AS. According to the company, it was unable to secure additional time to complete ongoing talks with potential industrial investors and financing partners. Arendal battery plant Morrow was founded in 2020 and opened Norway’s first battery cell factory in Arendal in 2024. The facility was designed for LFP cells and had a planned annual capacity of around 1 GWh. Reuters previously reported that Morrow planned three additional factories by 2029, each with 14 GWh of annual capacity. Funding and impact The company received a NOK 1.5 billion loan from Innovation Norway in 2024. According to Norwegian media, around 210 employees are affected by the bankruptcy. Challenging market conditions The company cited difficult market conditions, financing challenges, and broader pressures in the European battery industry. Morrow Batteries had been working on establishing battery cell production capacity in Norway. Source:Morrow

U.S.-based company Lyten plans to take over battery cell production at the former Northvolt site in Heide, Germany, with operations targeted to begin by 2028. The move gives new momentum to a previously stalled project. Lyten is developing lithium-sulfur batteries, which eliminate the need for nickel, cobalt, and manganese. Site and ramp-up The Heide location is considered strategically important for building a European battery value chain. Lyten intends to leverage existing infrastructure and permits to accelerate industrialization. Soruce:NDR