Company Research Report: Elinor Batteries

Company Overview

Name: Elinor Batteries

Mission: To produce and deliver sustainable batteries to a skyrocketing global market, leveraging Norway's competitive renewable energy and sustainable raw materials.

Founded: Information not available.

Key People:

Arne Fredrik Lånke: CEO, co-founder, MSc of Energy Engineering from NTNU.

Fengliu Lou: VP Technology, former R&D Director, and holds a PhD from NTNU.

Holger Gritzka: CPO, head of sales, founder, CEO experience in the battery industry.

Sofi Hildonen: EVP Business Development, MSc of Energy Engineering.

Truls Johansen: CSO, co-founder, and Strategy Director, MSc of Industrial Design Engineering.

Headquarters: Eiktyr Industry, Orkland, Mid-Norway, near Trondheim.

Number of Employees: Information not available.

Revenue: Information not available.

Known For: Developing a giga-scale battery factory in Norway focusing on sustainable production using renewable energy and nordic mineral resources.

Products

Main Offering: Sustainable Batteries

Description: Elinor Batteries aims to supply sustainably produced batteries for the European Energy Storage market.

Key Features: Utilizes 100% renewable energy and nordic mineral resources for production.

Recent Developments

Recent Developments:

As of September 2024, Elinor has signed an agreement to create a circular supercluster at Eiktyr Industrial Park.

In March 2023, Elinor at NTNU's Team Battery Seminar indicated ongoing educational collaborations.

New Products/Features: Information not available.

Partnerships:

Morlus Technology (Aug 2024): Provides access to pioneering battery technology and production expertise, aligning for stationary energy storage solutions.

RISE Research Institutes of Sweden (June 2024): Strategic collaboration focused on testing batteries for BESS applications.

SINTEF (Feb 2023 and later): Memorandum of understanding to establish a giga-scale factory and successful initial battery cell production.

Strategic Developments

Factory Development: Plans for a giga-scale battery factory in Orkland, Norway. The factory is modular, limiting financial and technological risks, and aims for a production capacity of 40 GWh by 2030, with the first module beginning in 2024.

Influential Events:

First battery cells produced in Trondheim in partnership with SINTEF.

New employees and a VP of Technology, signaling growth and strengthening of technical capabilities.

Additional Information

Elinor Batteries will harness the strategic advantages of Norway's renewable resources, alongside an extensive partnership network to innovate within the battery production industry. The recent collaborations and the strategic location near technological hubs like Trondheim further support Elinor's vision to lead in the sustainable battery market.