1. Nordic Batteries will use Morrow’s BEV2 brand LFP batteries to create battery packs and storage systems for maritime and industrial applications, as well as develop modules based on the cells.
2. The two companies will collaborate on sales, marketing, and possibly joint production of modules, building on a partnership formed from a Memorandum of Understanding signed last year.
3. Morrow is currently building its first battery gigafactory in Norway, with plans to start production in the third quarter of this year and send cells to Nordic before the end of 2024. They are primarily targeting the stationary energy storage system market, with a focus on commercial and industrial and residential applications.
Nordic Batteries and Morrow have partnered to produce battery packs and storage systems tailored for maritime and demanding industrial applications using BEV2 brand LFP batteries. They will also collaborate in sales, marketing, and possibly joint module production. The partnership builds on a previous agreement signed last year. Morrow’s new battery gigafactory in Norway is set to start production in the third quarter of this year, with initial cells to be delivered to Nordic by the end of 2024. Nordic plans to have an automated battery assembly line with 1GWh capacity operational by the second quarter of this year.
Morrow’s focus is on the stationary energy storage system (ESS) market, targeting system integrators in commercial, industrial, and residential sectors like Eldrift. The ESS market offers quicker access with lower entry barriers compared to the automotive sector. Morrow is leveraging renewable energy sources for production, aligning with its sustainability goals. While currently sourcing cathode active material (CAM) from China, Morrow is considering local production for LNMO batteries to simplify the supply chain.
The partnership between Morrow and Nordic Batteries was solidified at the Hannover Messe trade fair in Germany, showcasing their commitment to delivering innovative solutions with a focus on sustainability and efficiency in the energy storage industry.