Proventia and Morrow Batteries sign a Letter of Intent to develop European LFP batteries for non-road applications
Proventia has signed a letter of intent for collaboration with Norwegian battery cell developer and manufacturer Morrow Batteries. The letter of intent addresses the development of battery packs with Morrow’s LFP cells (lithium iron phosphate) for heavy-duty machinery.
Morrow has opened its first factory in Arendal and expects to produce commercial batteries by the end of the year. The production capacity is 1 GWh LFP BEV2 annually. The following factory in Arendal, Eyde 1, currently has a planned production capacity of 14 GWh per annum.
“At Proventia, we are investing in the green transition of heavy-duty machinery in many ways. We have emission control systems that effectively reduce the emissions from the machines, and we enable electrification with our battery solutions. I believe the two Nordic companies are well positioned to develop high-performance LFP battery systems suitable for heavy-duty machinery electrification”, says Proventia CEO Jari Lotvonen.
“Morrow has demonstrated their technical expertise for battery cells and systems and a strong track record of ramping up development and production. Our future roadmap includes advanced cell technologies beyond LFP technology. The LFP packs we are developing today around the Morrow LFP cells will also be available with LNMO-X chemistry”, Lotvonen continues.
Morrow sees increased interest in LFP batteries from European companies. LFP batteries are produced with known technology and are especially useful in applications like heavy-duty machinery and Battery Energy Storage Systems (BESS).
“We look forward to developing battery cells that help Proventia meet its requirements for European-sourced battery technology. This collaboration gives us a new business area to work with”, says Lars Christian Bacher, CEO of Morrow.
Proventia and Morrow will work together to develop technical solutions suitable for the non-road mobile machine market. The Letter of Intent lays out a timeline for signing a final agreement. Pilot systems will be supplied to customers during 2025, and serial deliveries will commence in 2026.
Morrow Batteries has produced thousands of cells at its Customer Qualification Line (CQL) and has shipped LFP samples to potential customers for testing and validation since November last year. The company can now deliver a commercially viable, thoroughly tested, competitive LFP product.
Proventia currently has batteries based on LTO technology (lithium-titanate-oxide) and will expand its battery systems portfolio by adding LFP and LNMO-X technologies in the future. All these technologies are highly suitable for the harsh conditions of heavy machinery.
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Contacts
Jari LotvonenCEOProventia Group Oyj/ Proventia Oy
Tel:+358 400 68 4072jari.lotvonen@proventia.comImages
Proventia Group is a technology company operating in global markets. Proventia develops and manufactures systems and components that reduce the emissions of off-road machines and improve their energy efficiency and modular test centers for the development and testing of batteries and hydrogen fuel cells. The company's customers include the leading global names in the non-road machinery vehicle and battery industry. Proventia takes people, the environment, and future generations into account in all of its operations, with zero emissions being the company's vision. The company employs approximately 200 industry professionals in Finland, the Czech Republic, and the UK. www.proventia.com
Morrow Batteries ASA (Morrow) is a battery technology and production company gearing to be the first Gigascale manufacturer of prismatic LFP batteries in Europe later this year. Our LFP battery has top-tier safety features, extended cycle life and a low carbon footprint. In tandem, our world-class scientists at Norway’s largest battery R&D centre are advancing next-generation batteries primarily based on the cathode material LNMO. These innovative batteries eliminate cobalt and reduce nickel and lithium while maximizing the use of clean and plentiful manganese. Founded in 2020 and headquartered in Arendal, Norway, the company now has a team of 200+ professionals based in Norway and Germany. To learn more, visit morrowbatteries.com.
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