The bankruptcy trustee confirmed that some of the interested parties will take over the company. A solution is hoped for by Monday, and all employees continue to work for now. Weeks ago, Morrow announced a large contract to deliver battery cells to a German defense actor.
According to reports, the contract was won after batteries outperformed international rivals in tests, including during Arctic NATO exercises in Northern Norway. The customer cannot be named due to confidentiality. Reports indicate Morrow has three ongoing contracts, including a five-year deal with Finnish company Proventia and batteries for Austrian tunnel company Virturail.
Morrow also has contact with Ukrainian energy authorities regarding a potential agreement, with a letter of intent signed in 2024. The company has received large public sums in support. 3 billion kroner, has written down the value of Morrow to zero.
Å Energi is owned by Statkraft and several municipalities in Southern Norway. 5 billion kroner. Morrow produces LFP batteries, which are less flammable than other batteries.
Last year, the company cut around 60 employees. Before Christmas, NRK revealed that the road chief in Agder county municipality became a multi-millionaire from land sales nearby.