- Morrow Batteries and Eldrift have announced a non-binding offtake agreement for 1.5GWh of Morrow’s lithium iron phosphate (LFP) batteries.
- Morrow plans to increase that to 43GWh in its second phase by 2028.
Norwegian firms Morrow Batteries and Eldrift have announced a non-binding offtake agreement for 1.5GWh of Morrow’s lithium iron phosphate (LFP) batteries. The agreement sees Eldrift, a new battery storage system solutions firm, commit to buying 1.5GWh of Morrow’s batteries starting in 2024 when the latter’s gigafactory starts production.
Morrow Batteries is building an LFP battery cell production facility in Arendal, Norway, which will have a 1GWh annual production capacity in its first phase. Morrow plans to increase that to 43GWh in its second phase by 2028.
Lars Christian Bacher, CEO of Morrow Batteries, said, “We are excited to partner with a battery energy storage company on the rise as we continue to develop our unique battery technology.” The company is also working with North American lithium-ion battery recycling firm Li-Cycle to set up a lithium-ion battery recycling plant in Norway.