The same applies to Morrow Technologies AS and Morrow Industrialization Center AS, the company states in a press release.
Morrow’s battery factory in Arendal, Norway, opened in August 2024.
Chairwoman Ann Christin Andersen says that the company’s journey proved far more challenging than expected. Efforts were made to secure funding, but these were unsuccessful.
“We have worked intensively to find a sustainable solution but have not succeeded in securing sufficient funding within the available timeframe,” says Andersen.
Major investment
Morrow has been working to establish battery cell production in Norway. The company recently entered into a long-term agreement with Finnish company Proventia Oy and has also signed its first…