Morrow Batteries have secured 100 million £ for their Factory 1, a new analysis of the potential ripple effects of Morrow Batteries has been published, Morrow reaches 100 employees, and the launch of Welcomehub.
Morrow raises 100 million £ for Factory 1
Morrow Batteries has secured 100 million £ for the first phase of their plans towards a gigafactory for batteries, located in Arendal. Factory 1 (picture) will produce 1 GWH, also including a development line for future battery technology.
Among the new owners are ABB and Siemens, industrial heavyweights that will give the project not only important capital, but also top-notch engineering expertise. Arendal Fossekompanii and the Norwegian state’s climate fund Nysnø climate investments also joins. Through Nysnø the Norwegian Government increase their investments in Eyde Material Park and Morrow Batteries. The Norwegian state are indirect owners in Morrow through Agder Energy and Nysnø, and they are co-financing the new “battery-road”.
Mapping the effects
Menon Economics has done an analysis of the potential effects of Eyde Material Park and the battery value chain. The report wills serve as an important tool for planning public services such as housing, commuting and public services.
The analysis projects an increase in population by 6000 due to Morrow and the battery value chain. Employing over approx. 4500 people.
The analysis projects that there will be great need for recruiting talent to the region in the years to come, while at the same time building expert communities and strengthening vocational subjects at local schools.
CEO of Morrow Batteries Terje Andersen highlights this great opportunity for young battery enthusiasts:
“ If you want to work in the battery value chain, look towards the battery coast and Arendal”, says Terje Andersen CEO, Morrow Batteries.
Welcome Hub – Become a Local with us
Arendal municipality will be hosting many new inhabitants due to new industrial activity. The Municipality has in cooperation with Arendal Chamber of commerce and Impact Hub started WELCOME HUB.
Welcome Hub will serve as an arena for new citizens to get know new people and new communities in Arendal. New in town and want to start playing football casually? Or maybe you have just accepted an offer from a business here and wondering where to rent an apartment? Welcome HUB is there for you to help you in the right direction.
Morrow reaches 100 employees
Morrow Batteries are growing rapidly. With new people in every month. Morrow Batteries now count 100 employees in total from all different nationalities. Many are allready located in Arendal working out the of company’s offices there.
The two latest additions include Naja Boone and Stina Torjesen.
Boone, who is starting as the company’s communications director in August has experience from companies such as the Wilhelmsen group and Equinor said the following in a press release:
In comes also Stina Torjesen who is joining Morrow’s dynamic and cross-functional sustainability task force. Torjesen is an expert in circular economy and sustainability related issues. Torjesen holds a PHD from Oxford. She will retain her postion as an Associate Professor at the University of Agder.
