Morrow Batteries had until recently been one of the few battery cell manufacturers producing in Europe. Now, the Norwegian company has suffered same fate as the significantly larger Northvolt from Sweden: Morrow Batteries has for insolvency.
The company’s downfall stems from its inability to compete in a consolidating market—it was simply too small. Its plant, which opened in summer 2024 at its headquarters in Arendal, produces prismatic LFP cells, has an annual capacity of just 1 GWh. This is far from sufficient to supply a major car manufacturer, as it only covers around 25,000 small cars with a 40-kWh battery. For comparison: VW subsidiary PowerCo states that its new cell factory in Salzgitter has an annual capacity of 20 GWh,…