ELINOR-BATTERIES
29.8.2024 09:01:32 CEST | Business Wire | Press release
The man who led the development of the first giga-factory for the world´s leading EV supplier, partners with Elinor Batteries. The partnership with Morlus Technology accelerates the development of Elinor’s battery manufacturing base in Orkland, Norway.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240828783500/en/
Mr. Xi Shen (front left), CEO of Morlus Technology, and Arne Fredrik Lånke (front right), CEO of Elinor, sign the partnership agreement between the two companies. Behind, from left: Dr. Xi Jiang, G.M. of Cell Development of Morlus, Dr. Rong Hao, Director of Technology Research of Morlus, Huaping Liu, V.P. and Chief Engineer of Morlus, Guanglin Wu, V.P. and CFO of Morlus, Truls Johansen, CSO of Elinor Batteries, Sofi Hildonen, EVP of Business Development, Elinor Batteries, Dr. Fengliu Lou, VP of Technology, Elinor Batteries. Photo: Elinor Batteries
Elinor Batteries in Central Norway enters a collaboration with Chinese battery company Morlus Technology. The partnership grants Elinor access to cutting-edge battery technology and world-leading expertise in factory construction and entails that Elinor will have batteries for commercial sale in the European market by the spring of 2025.
“We are honored that world-leading battery technologists have chosen to collaborate with us. This level of expertise does not currently exist in Europe, and it is crucial for our plans to establish a battery value chain in the Nordic region,” says Arne Fredrik Lånke, CEO of Elinor Batteries.
Leading expertise
The founder of Morlus, Shen Xi, has been a driving force of innovation and technology in the battery industry for over 20 years. His merits include leading battery design, factory design and construction for BYD, the world’s largest electric vehicle supplier and a top tier battery company. At BYD, Mr. Shen led the design and construction of the first battery manufacturing base in China with a capacity above 10 GWh and the design of the first LFP-battery for xEVs.
At Morlus, Mr. Shen has built a world class team that sets the company in the very forefront of lithium battery technology development. The agreement between Morlus and Elinor covers product development, production, and factory construction.
Investment Decision in 2025
Elinor Batteries aims to launch products for order as early as this fall. Together, Elinor Batteries and Morlus have set a goal of achieving a market-leading position in Europe.
The agreement will accelerate the plans for building the gigafactory for battery production in Orkland, with an investment decision targeted for 2025.
Exceptional timing
Renewable energy investor Lars Helge Helvig owns the investment company Valinor, the majority owner of Elinor. Helvig believes that the timing is exceptional for investing in batteries from Norway.
“The battery market is booming, and Europe is striving to become self-sufficient in batteries. According to the IEA, new energy storage is crucial for 60% of the emission reductions needed in the energy sector by 2030. Batteries are now the world’s fastest-growing energy technology,” Helvig explains.
Global footprint
For Morlus, the collaboration with Elinor Batteries represents an opportunity to grow its global footprint.
“Norway is the country with the highest proportion of renewable energy globally, and it has a strong industrial foundation. Both will enable us to produce a green and low-carbon battery, which is unique,” says Shen Xi.
“The Elinor team has demonstrated exceptional professionalism, efficiency, and immense passion for the work they will undertake. Coupled with their investor Valinor’s rich experience in the renewable energy sector, this gives us strong confidence in our future collaboration.”
About Elinor Batteries
Elinor, founded by Valinor, is a Norwegian battery production company offering competitive and sustainable batteries for the BESS market. The company is headquartered in Trondheim and plans to establish a gigafactory in the Eiktyr giga-site and industrial park in Orkland municipality.
About Jiangsu Morlus Technology Company Limited
Morlus has developed a range of industry-leading battery products and built significant capacity in battery research, development, and production. Among its largest shareholders, in addition to founders and employees, are Gongniu Electrics/Bull Electrics, Zhengxuan Investment, and China-Singapore Suzhou Industrial Park Development Group. The company holds more than 70 patents, with factories located in Nantong and its development center in Shenzhen.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240828783500/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SLB Awarded Multi-Year Contracts to Support Oman’s Energy Development28.1.2026 14:26:00 CET | Press release
Advanced technologies and solutions will help drive production efficiency and maximize recovery SLB (NYSE: SLB) has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260128443014/en/ The contracts include the provision of low-pressure, high-pressure, and thermal wellheads, as well as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). These solutions are expected to increase recovery rates and extend the productive life of Block-6 assets. The contracts include the provision of low-pressure, high-pressure, and thermal wellheads, as well as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). These solutions are expected to increase recovery rates and extend the pro
Canoga Perkins Brings Breakthrough Private 5G Technology to the BLOQUE Innovation Hub in Queretaro, Mexico28.1.2026 14:00:00 CET | Press release
Canoga Perkins, a global leader in Private 5G network connectivity solutions, announces their first international Private 5G Customer Experience Center at the BLOQUE in Queretaro, Mexico. On January 16th, 2026 the company demonstrated the SyncMetra® 100 product and an end-to-end Private 5G solution at the “Experiencing SyncMetra®” event attended by government representatives, city representatives, industry leaders, technology partners, system integrators, resellers and end customers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260128847071/en/ Querétaro invests in becoming a global hub for advanced manufacturing, industrial automation, smart agriculture and tech advanced ports applications; the demand for reliable, high-speed connectivity has never been higher. SyncMetra® 100 and Canoga Perkins arrive as critical enablers of Deterministic Networking for all these applications. The SyncMetra Platform offers a software-defi
Motive Once Again Recognized for IoT Leadership28.1.2026 14:00:00 CET | Press release
Wins Gold 2026 Telco Innovation Awards with Deployment at TPG Telecom in Australia Motive, a global leader in mobile device and service management software, has today announced its IMPACT IoT solution has been named the Gold winner for Best Cellular IoT Initiative in the 2026 Telco Innovation Awards. Motive’s IMPACT IoT solution beat off strong competition in the Network & Connectivity Innovation category, which “honours the pioneers building smarter, faster, and more resilient networks for a connected world” to be named as the Best Cellular IoT Initiative. IMPACT IoT offers an intelligent, code-free, cloud-native, and secure network-triggered solution that removes unnecessary signaling and SMS overhead, optimizing eSIM and firmware management for long-lived, low-power devices. The platform is already delivering measurable results for operators like TPG Telecom in Australia, which has deployed IMPACT IoT to power the country's largest smart water meter rollout, serving upwards of 1.7 m
Veracode Releases Platform Enhancements as Software Supply Chain Attacks Surge28.1.2026 13:50:00 CET | Press release
New Preventive Controls and Developer Integrations Powered 2025 Innovation Veracode, the global leader in application risk management, today announced significant platform innovations introduced through the second half of 2025. Headlining the release is Package Firewall, an industry-leading preventive control for software supply chains, advancing the company’s mission to help organizations run secure software from code to cloud. With supply chain-related third-party breaches doubling year over year— from 15 to 30 percent according to the Verizon 2025 Data Breach Investigations Report— the need to strengthen security across the software ecosystem has never been greater. “The growing attack surface has created an unprecedented level of complexity for security and development teams,” said Tim Jarrett, Vice President of Product at Veracode. “The latest enhancements to our platform empower organizations to stop third-party risk from ever entering their software code, providing them with a p
Hydrostor and Baker Hughes Deepen Strategic Collaboration to Advance Reliable, Resilient, and Sustainable Power Systems28.1.2026 13:00:00 CET | Press release
Collaboration includes an equity investment and up to 1.4 GW of power generation and compression technology orders for Hydrostor flagship projects Hydrostor, a leading global long duration energy storage (LDES) developer and operator, and Baker Hughes, an energy technology company, announced Wednesday a strategic technology solutions and equity agreement. Baker Hughes will deepen its relationship with Hydrostor, integrating Baker Hughes’ technology capabilities as part of Hydrostor’s core design offering for its advanced compressed air energy storage (A-CAES) solution. This includes up to 1.4 GW of Baker Hughes equipment orders for Hydrostor’s flagship projects. The announcement was made at the 2026 Baker Hughes Annual Meeting in Florence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260128652898/en/ “Increasing pressure on electric grids is making long-duration energy storage an urgent priority. Hydrostor's innovative app
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom