The Norwegian company Morrow Batteries is going to establish a new gigafactory, which will be located in the strategic Agder county. Their aim is to “revolutionize battery production and establish a more sustainable supply to European car makers”.
The county of Agder will also give Morrow access to renewable hydropower, while the projected factory is expected to need 2,500 highly skilled workers.
“I am convinced that if we are to stop the escalating climate crisis the world must as fast as possible secure a stable supply of energy from renewables like sun and wind,” said Frederic Hauge, leader of the Norwegian NGO Bellona, who developed the initial idea. “A critical factor for this stability is sustainable options for energy storage and that is why we initiated this project.”during the first months of 2020 and so the Norwegian electric sector is growing, too.
Norway has far more EVs on the roads as a proportion of total vehicles than anywhere else in the world. Now two Norwegian industrial heavyweights want to capitalize on the expected growth in the EV market globally. The market is expected to rise with 1450% over the next ten years and the European battery cell market is expected to be valued at 90 billion Euros.
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