Press release -
Morrow ready for series production, consolidates operations and accelerates industrial partnerships
(Arendal, 09.01.26) Morrow Batteries ASA (Morrow) is entering the final phase towards full‑scale series production, with production lines running and commercial deliveries starting. The company is now pursuing a “partnership‑first” strategy, seeking long‑term investments and strategic alliances to accelerate technology validation and secure offtake agreements.
Upon declaring the commercial start of production (Commercial SOP), Morrow will have a standardised manufacturing framework in place to guide all battery sales, warranties, and customer obligations.
-This is an important milestone and a unique achievement for us as an independent cell manufacturer in Europe, but we still have a lot of work ahead. To build on this momentum, we have therefore set clear priorities to preserve cash and focus resources. The company will consolidate all operations at the factory in Arendal and in Grimstad and plans to close the Oslo office, says Executive Chair Ann Christin Andersen.
The European battery industry faces a demanding reality, with global overcapacity, price pressure from low-cost imports, rising capital costs, and growing uncertainty around supply chains and industrial policy. Despite these market conditions, Morrow has built proven technology and strong industrial capabilities. Long-term investment and strategic collaboration are now required to fully realise the company’s potential.
- Industrial alliances are the way forward for Morrow. We aim to work with strategic players to accelerate technology validation and secure offtake agreements. We will pursue a “partnership-first” strategy to safeguard liquidity and enable value creation, says acting CEO, Jon Fold von Bulow.
As the company centralises in Arendal, CFO Steffen Føreid and Co-Founder and EVP Pål Brun have decided to pursue new opportunities. Both played central roles in bringing Morrow to its current stage and will continue to support the leadership with key strategic deliverables during a transition period.
