January 19, 2026: Norway’s Morrow Batteries is entering the final phase towards full‑scale series production — but the firm said its priorities include conserving cash, as it closes an office in Oslo.

Production lines for the eventual 1GWh LFP battery factory in Arendal are running and commercial deliveries are starting, Morrow said on January 9.

However, Morrow highlighted the “demanding reality” it faces, against the backdrop of a European battery industry dealing with global overcapacity, price pressure from low-cost imports, rising capital costs, and growing uncertainty around supply chains and industrial policy.

The announcement came after the firm said on December 19 Lars Christian Bacher was stepping down as CEO, with Jon Fold von Bülow taking over as acting CEO.

Long-term investment and strategic collaboration are now required to fully realise the company’s potential.

The battery maker said it is now pursuing a “partnership‑first” strategy, seeking long‑term investments and strategic alliances to accelerate technology validation and win offtake agreements.

“Industrial alliances are the way forward for Morrow,” said von Bulow, one of the firm’s founders.

“We aim to work with strategic players to accelerate technology validation and secure offtake agreements.”

Executive chair Ann Christin Andersen said: “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.

As the company centralises in Arendal, CFO Steffen Føreid and co-founder and EVP Pål Brun have decided to pursue new opportunities, the battery maker revealed: “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.”

Batteries International reported in January 2025 that Morrow had secured a loan facility equivalent to more than $13 million to help scale-up its battery manufacturing plans in the country.

The NOK1.5 billion facility from Innovation Norway boosted Morrow’s business plan for starting up its first 1GWh LFP battery factory in Arendal.
Last July, Morrow said it would work with the Swedish Electric Transport Laboratory on speeding up development of LNMO battery cells.