Elinor Batteries and Norway-based research organization SINTEF have signed a Memorandum of Understanding to work together towards building a large-scale, sustainable battery factory in Central Norway, following the official launch of Elinor Batteries on January 12th, 2023.
Elinor intends to construct the factory in stages to minimize financial and technical risk. Once fully operational, the factory will have the capability of producing approximately 40 GWh of batteries.
The collaboration with SINTEF has provided Elinor with the necessary resources for research and development to advance the project. SINTEF’s battery lab will open around the same time as Elinor’s factory plans are announced. The agreement encompasses all aspects of battery production, such as production technology, infrastructure, management, economics, and societal considerations.
“This is an essential agreement for us at Elinor Batteries, enabling us to start producing A-samples already this spring. The A-samples are crucial to be qualified as a supplier in an industry that has long been dominated by Asian suppliers.” said Elinor Batteries CEO Terje Andersen
The shared goal of the parties is to establish sustainable and competitive battery production in Central Norway.
“Through a common European road map, work is now being done to develop a generation of batteries that will be safer, withstand faster charging and last longer. The battery production will be more sustainable and cost-effective because the raw materials will travel shorter distances. These are fundamental changes in how batteries are produced and used, and this provides new opportunities. Norway has an excellent system for cooperation between research and industry, as well as strong players along the entire value chain for the production, use and reuse of batteries. Thus, all the prerequisites for taking the lead in the global knowledge race towards next-generation batteries are in place.” said CEO of SINTEF, Alexandra Bech Gjørv
The factory will begin construction in the coming year, and the first production is projected for mid-2026. Elinor Batteries is an initiative focused on battery production, owned by Valinor, a Norwegian family-owned investment company with a strong track record in the green industry and renewable energy sector.