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Norway: Eldrift and Morrow Batteries in 1.5GWh MOU for LFP cells

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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.

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Morrow Batteries is building a LFP battery cell production facility in Arendal, Norway, which will have a 1GWh annual production capacity in its first phase. In its second phase, Morrow plans to increase that to 43GWh, by 2028.

“We are excited to partner with a battery energy storage company on the rise as we continue to develop our unique battery technology,” said Lars Christian Bacher, CEO of Morrow Batteries, who took the helm in November last year after previous incumbent Terje Andersen stepped down in May.

In the past the firm has indicated it was targeting the EV market rather than energy storage systems, although this is its first announced offtake partner that Energy-Storage.news is aware of.

Fellow Norway-based firm Freyr Battery has also ended up targeting the ESS sector in a big way. In an interview last year, CEO Tom Jensen told Energy-Storage.news that half of its eventual production could go to the ESS market, since which it has announced even more offtake deals with energy storage system integrators like Powin and Nidec.

In August 2022 Morrow signed a deal with the Industrial Development Corporation of Norway (SIVA) to kickstart construction of the site while in February that year it got a NOK25 million grant (US$2.3 million) from the government of Norway for the project.

It is also working with North American lithium-ion battery recycling firm Li-Cycle to set up a lithium-ion battery recycling plant in Norway.

Eldrift is a recently-formed company, part of NMI Holding, which offers mobile charging solutions for EVs and industrial processes, as well as behind-the-meter ESS systems.

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