Norway lithium battery inverter

The new industry in Norway related to batteries promises economic growth, up to 30'000 jobs, regional development, and technological innovation. In its latest climate action plan, the government identified industries along the battery supply chain as key to 'green growth'.

Now, Elinor announces its partnership with the very highly regarded team behind Morlus Technology, some of the most experienced battery design and production experts globally. Why should Norway produce batteries? According to international experts, Norway has everything it takes to become a global leader in the battery industry.

According to the Norwegian Geological Survey, there are no economically viable lithium deposits on land in Norway. However, recent expeditions have discovered high concentrations of lithium, amongst other minerals, on the seabed along the Mid-Atlantic Ridge. It is unclear when, or if at all, these deposits will be 'harvested'.

According to international experts, Norway has everything it takes to become a global leader in the battery industry. No other new, green industry can create as much welfare. The setting is quite similar to how Norway built global leadership from scratch in the oil business. A giga-scale factory for battery cell production located in Mid-Norway.

Norway's batteries are considered 'green' due to two main factors: first, 98 percent of its electricity comes from renewable sources. Second, the batteries are based on low-carbon and responsibly sourced raw materials.

Industry experts envision that Norway's initiatives in battery production are in line with the European efforts to ramp up battery production and guarantee Norway's future as an “energy superpower”. More importantly, decreasing demand for fossil fuels is not a concern in this context.