Morrow Batteries signs Memorandum with the State Agency on Energy Efficiency and Energy Saving of Ukraine

Morrow Batteries has agreed on a Memorandum of understanding with the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) regarding possible supply with LFP battery cells for battery energy storage systems (BESS) to strengthen the Ukrainian energy system.

Frequently affected by blackouts and irregular power supply due to the continued Russian attacks, Ukraine is in direct need of stable power to continue to protect its civilian population and maintain the security of Ukrainian society. The country aims to build a distributed BESS grid.

I am very pleased that our search for the best location for our AAM plant has ended with such an attractive location. Norway has amongst the lowest energy prices in Europe and also the lowest CO2 emission per unit of produced electrical energy. Eyde Material Park has been able to offer flexible terms which allows us to plan ahead for the coming time. Another attraction is that Norway has a National Battery Strategy with a variety of financial and other support programs in place to help industries such as ours, to get started. In addition, Norway has a long tradition of hosting heavy processing industries and has all the necessary regulations in place to ensure that such activities are undertaken with due respect for working conditions as well as the environment.
Lars Christian Bacher
CEO, Morrow Batteries

Potential deliveries under the agreement may reach GWh levels, although the exact volumes are yet to be agreed. Ukraine has a significant need for batteries over the next years to help stabilise its energy system.

“Securing stable power supply is important for Ukraine, and President Zelensky has defined it as a task for the government to establish energy storage facilities in every school and hospital as soon as possible. This underlines the need to build a strong battery value chain in Europe. Access to batteries produced by European vendors is a critical factor for building less vulnerable grids and ensuring batteries for mobile solutions”, says Head of SAEE Anna Zamazeeva.

The need is urgent, and the parties will therefore work closely to mature the MoU agreement as soon as possible. The final contract will be awarded based on future autonomous negotiations and may involve external financial donors, scientific research institutions and organizations, government and other funds.

Lithium Iron Phosphate (LFP) battery cells will be produced at the recently opened Morrow Cell Factory in Arendal, Norway, and at Morrow’s next factory in Arendal, the Eyde I gigafactory.

“We experience increasing demand for our LFP battery cells suited for both the BESS and commercial vehicles markets. This demand is driven by the need for independent suppliers and European sourcing in a world affected by increased geopolitical uncertainty and indeed war, as well as the transition from fossil to green energy sources”, says Morrow CEO Lars Christian Bacher.

Morrow Batteries has produced thousands of cells at its Customer Qualification Line (CQL) and has since November last year shipped LFP samples to potential customers for testing and validation. The company can now deliver a commercially viable, thoroughly tested, competitive LFP product. Morrow will begin production from its first gigafactory in Arendal, Norway, in the second half of 2024 and start mass production in the fourth quarter.

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