Norway-EU battery materials pact as Morrow secures LMNO boost

Norway-EU battery materials pact as Morrow secures LMNO boost

Norway-EU battery materials pact as Morrow secures LMNO boost 1024 827 Batteries International

March 27, 2024: Norway and the EU are to cooperate in developing raw materials for Europe’s battery industry, under a memorandum of understanding signed on March 21.

The partnership agreement came just weeks after European Commission batteries supremo Maroš Šefčovič warned that the EU supplies just 1% of its own needs for key battery raw materials — and needs a staggering €4.2 trillion ($4.6 trillion) of new investment by 2030 to achieve green energy ambitions.

The partnership with Norway, which is not an EU member state, aims to reduce supply chain disruptions for vital materials needed by Europe’s expanding network of battery cell gigafactories and boost research and innovation.

In addition, the partnership aims to unlock new investment to support the battery supply chain and ramp up training to build a skilled workforce for the sector.

A business matchmaking event will be held in Germany later this month to kickstart activities under the partnership.

In a separate announcement on March 14, Norway’s Morrow Batteries said it had been awarded NOK 345 million ($32 million) to support R&D of LNMO battery tech.

The funding from Innovation Norway was provided under the Important Projects of Common European Interest (IPCEI) business program.

Morrow has also qualified as an associated partner in the IPCEI European Battery Innovation program.

Norway signed up to a so-called ‘green alliance’ with the EU in April 2023 to cooperate on environmental protection and clean energy initiatives.

According to the government-backed agency Business Norway, Norwegian industry already produces substantial amounts of precursor materials for batteries, chiefly aluminium and silicon, in addition to refining nickel, cobalt, graphite and copper.

Energy Storage Journal reported earlier this month that Morrow Batteries was moving its temporary battery cells customer qualification line in South Korea to Norway — where it will become operational in the second half of this year at the battery developer’s Arendal gigafactory, which is set to start mass production in the fourth quarter of this year.

Last July, Freyr Battery was awarded €100 million ($112 million) from the EU to support its Giga Arctic project in Norway.

Photo: Morrow Batteries