Morrow Batteries and materials firm IBU-tec have signed a memorandum of understanding (MoU) for the supply of up to 200 tonnes per year of lithium-ion battery cathode material.
The MoU is for the development and qualification of LFP cathode materials to supply Morrow’s planned lithium-ion battery manufacturing plant in Norway.
German firm IBU-tec will supply the first batches of its IBUvolt battery material for current year testing.
During this phase, both companies intend to work together on the development of high performance batteries for various applications.
Long-term, both companies anticipate a rapidly growing market for a sustainable, European production-based battery materials supply chain.
IBU-tec first offered its own LFP battery material in October 2021 and can now fulfil the first major orders.
