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MoU launches initiative to form European lithium-ion battery business

Thu, 11/19/2020 - 13:57 -- Paul Crompton

Two Norwegian firms have signed a memorandum of understanding (MoU) with Japan’s Panasonic to explore the business case for establishing a European lithium-ion battery business.

Technology company Panasonic has formed a strategic partnership with energy company Equinor and industrial group Norsk Hydro to assess the market for lithium-ion batteries in Europe and develop a business case for commercial opportunities in Norway.

Image: The MoU was signed by (from left) Allan Swan, president of Panasonic Energy North America, Al Cook, executive vice president of Global Strategy & Business Development in Equinor, and Arvid Moss, executive vice president of Energy and Corporate Development in Hydro.

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