Morlus Technology × Elinor Batteries: A New Paradigm for Global New Energy Battery Cooperation

The Giga-scale Battery Factory at Eiktyr, Trondheim, Norway

[Shenzhen, China, August 29^th]

In the midst of a global wave of energy transition and technological innovation, Morlus Technology, a Chinese company, and Elinor Batteries, a renowned Norwegian company, have formed a strategic alliance to tap into jointly exploring new opportunities in the energy storage sector, with the aim of driving global energy infrastructure upgrades and optimization.

Mr. Xi Shen (front left), CEO of Morlus Technology, and Arne Fredrik Lånke (front right), CEO of Elinor, signed the partnership agreement between the two companies

Elinor is committed to the local production and sale of competitively sustainable energy storage lithium batteries in Europe, with its headquarters and manufacturing factory located in Trondheim, Norway. The locations of company and factory leverage local advantages in energy resources, shipping, industrial and mining infrastructure, as well as education and technical talent. Moreover, Elinor plays a critical role in the renewable energy portfolio of Valinor, a leading Norwegian investment company. This partnership is a strong alliance between the two companies, based on their shared vision and strategic goals, aimed at exploring new opportunities in the new energy storage market through resource sharing and complementary strengths.

Morlus Technology, a rising star in Chinese energy storage battery industry, focusing on high-performance lithium-ion batteries with an emphasis on safety, rate, and lifespan.  The company's core team has an average of over 15 years of experience in the lithium-ion battery industry, with a deep understanding of the technology, a strong research and development capability, and keen market insights. This expertise enables Morlus to provide a unique perspective on the strategic development direction of new energy storage technology and lithium-ion batteries.

“The management and owners of Elinor Batteries are very impressed by the depth of expertise, dedication and professionality of the Morlus Team. Besides their unmatched track record and resumes, they are currently progressing at an impressive pace, and always delivering on their promises.” says Arne Fredrik Lånke, CEO of Elinor Batteries.

Driving Development through Technological Innovation

Technological innovation is the core driving force behind the partnership between Morlus Technology and Elinor. Morlus Technology holds numerous core technologies and patents in the lithium-ion battery sector. The high performance of Morlus lithium-ion batteries for energy storage systems are distinguished by their safety innovations, high quality, and advanced manufacturing techniques, all of which form the cornerstone of its competitive edge. Morlus Technology is committed to “Reforming the Industry through Technology” with its relentless efforts and innovation capabilities. Elinor, on the other hand, has a uniquely well-suited location for green battery production, and its team and owners have unparalleled experience with industrializing, deploying and integrating green energy technology on all scales.      Unlike typical China-Europe trade cooperation, this partnership involves that Morlus Technology provides Elinor with technology licensing and technical services. This will support Elinor establish a world-class battery manufacturing factory in Europe. The factory will supply top-quality and most sustainable locally-produced batteries not only for Elinor and Morlus Technology but also for other potential partners operating in Europe.

United in Strength for A Joint Development

Mr. Xi Shen (middle left), CEO of Morlus Technology, and Arne Fredrik Lånke (middle right), CEO of Elinor, signed the Memorandum between the two companies.

Back to April 17^th, 2024, Mr. Arne, CEO of Elinor, along with their core team, visited the headquarter of Morlus Technology in Nantong, Jiangsu, for cooperation and communication. Guided by a spirit of openness and cooperation, both parties explored the possibilities for in-depth cooperation. On April 18^th, Mr. Shen Xi, CEO of Morlus Technology, and Mr. Arne officially signed a Memorandum of Understanding (MoU) on behalf of their respective companies. This MoU was designed to establish a strategic partnership between Morlus Technology and Elinor. On June 28^th, Mr. Shen Xi led a delegation to visit Elinor’s headquarter in Norway, where both sides further discussed the scope of cooperation, terms of responsibility, and other key aspects. During this visit, the two companies formally signed the partnership agreement, initiating a deeper discussion on the content of partnership. By the end of August, all discussion were successfully concluded as planned. The remarkable achievement of completing the work in just four months, which normally takes 12 to 18 months, is a testament to the mutual trust and hard work of both parties' management and technical teams.

“We are proud and happy that Morlus chose to enter this comprehensive partnership with Elinor. The partnership is based on deep mutual understanding and commitment, in the spirit of free international cooperation and shared values. We are confident that the companies will be supporting and pushing each other to market leading achievements.” says Arne Fredrik Lånke, CEO of Elinor Batteries.

The Elinor team demonstrated exceptional professionalism, efficiency, and an extraordinary passion for their work, leaving us highly confident and enthusiastic about the future of this cooperation.

Focusing on Energy Storage to Lead the Future

Norway's power grid is dominated by renewable energy, with hydroeleic power and wind power accounting for nearly 100% of the country's electricity generation. The country's advanced grid technology enables effective management and distribution of renewable energy's variability, ensuring a stable power supply. This has made Norway a key player in the global energy transition and a model for other countries to learn from.

As global demand for renewable energy continues to surge, energy storage technology has become a crucial enabler of the energy transition. The partnership between Morlus Technology and Elinor will be grounded in lithium-ion battery technology, with a focus on innovation, research, and application in energy storage. The cooperation aims to achieve high safety and performance in energy storage systems, enhance energy efficiency, and maximize the effective use of green energy. The two companies will collaborate to propose competitive energy storage solutions for grid frequency regulation, distributed energy access, microgrid construction, and other areas. Additionally, they will strengthen their cooperation in international markets, working hand-in-hand to expand their global reach and contribute to the advancement of global renewable energy technology.

Looking Ahead with Confidence

Morlus visited historic Bårdshaug Herregård in Orkland municipality with regional (the 5th from left) and municipal (the 4th from left) mayors near the Eiktyr Giga factory site.

Both Morlus Technology and Elinor are full of confidence and anticipation about their cooperation. They firmly believe that they will achieve even greater accomplishments in the energy storage sector through joint efforts and relentless pursuit. Additionally, both companies look forward to expanding their partnership further, deepening their collaboration, and contributing even more wisdom and strength to the optimization and upgrading of the global energy structure.

Congratulations to Morlus Technology and Elinor Batteries on their successful collaboration and look forward to their future development, working together to create a brighter future.

Elinor Batteries Official news link: https://www.elinorbatteries.com/articles/techpartner