Morrow Batteries, Norwegian battery startup, has raised €100 million through a funding round led by Siemens Financial Services, the investment unit of German conglomerate Siemens , and Swiss-Swedish conglomerate ABB . The startup said it will use the funds to build its first battery cell factory in Arendal, Norway, with an initial capacity of 1 GWh. “When all phases of development are completed in 2028, the Morrow Gigafactory in Arendal will have an annual production capacity of 43GWh battery cells,” said Morrow Batteries. Other investors involved in the […]
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