Bankrupt

The business is registered as bankrupt as of May 6, 2026.

Bankruptcy date: May 6, 2026

MORROW BATTERIES ASA

ORG. NO. 913102436ARENDALBankrupt

Eie og investere i selskaper som produserer, utvikler, distribuerer eller selger batterier, og alt som naturlig står i forbindelse med dette.

Revenue: 40.1 m NOK2024
Operating profit: -260.8 m NOK2024
CEO: JON FOLD VON BÜLOW
Subunits: 1

Kart

Ownership & structure

Largest owners

Å ENERGI INVEST AS49.9%
SIEMENS PROJECT VENTURES GMBH17.4%

See all (65) →

Subsidiaries

Latest events

Omtalt i Forskning.no: «Batterifabrikken Morrow gikk konkurs: – Bedrifter etablerer seg ikke i et vakuum»
Oct 5
Omtalt i Dagens Næringsliv: «Lærepenger fra en konkurs»
Oct 4
Omtalt i NRK: «Intensjonsavtale signert: Amerikansk selskap vurderer å kjøpe Morrow Batteries»
Aug 22
Intensjonsavtale signert: Amerikansk selskap vurderer å kjøpe Morrow Batteries
Aug 22
Omtalt i E24: «Amerikansk selskap vil kjøre Morrows konkursbo»
Aug 22

See the event log

Register details

Founded: January 10, 2014
Registered: Jan 21, 2014
Articles Date: Jan 31, 2025
VAT Registered: No
Company Register: Yes

11 sections

Financial statements

Share capitalNOK 46,507,5602014–202411 yearsParent companyAudited

Revenue2024

40.1 m+2135.2%

Operating profit2024

−260.8 m−28.8%

Equity2024

2.4 bn+1.9%

EBITDA2024

−171.7 m+13.3%

Revenue and profit

Bars show revenue. The line shows what remains as net profit after all costs.

Balance sheet: what do they own, and who do they owe?

The left side shows assets. The right side shows how they are financed (equity + liabilities). The totals are always equal on both sides.

Assets

Equity + liabilities

Margins over time

How much does the business keep from each krone of revenue? Higher is better.

	2020Download annual accounts 2020 as PDF	2021Download annual accounts 2021 as PDF	2022Download annual accounts 2022 as PDF	2023Download annual accounts 2023 as PDF	2024Download annual accounts 2024 as PDF	Change
Revenue	NOK 0	4.6 m NOK	54.9 m NOK	1.8 m NOK	40.1 m NOK	+2135.2%
Operating profit	−8.8 m NOK	−49.3 m NOK	−119.9 m NOK	−202.4 m NOK	−260.8 m NOK	−28.8%
Net profit	−6.8 m NOK	−37.3 m NOK	−74.7 m NOK	−258.1 m NOK	−525.1 m NOK	−103.4%
Equity	59.3 m NOK	249.7 m NOK	1.2 bn NOK	2.3 bn NOK	2.4 bn NOK	+1.9%
Total liabilities	1.6 m NOK	19.1 m NOK	96.2 m NOK	200.6 m NOK	344.1 m NOK	+71.5%
Operating margin	–	-1065.0%	-218.5%	-11296.0%	-651.1%	+94.2%
Equity ratio	97.4%	92.9%	92.4%	92.1%	87.3%	−5.1%

Source: Proff (previously collected data)

Announcements from the Brønnøysund Register Centre

Frittstående tegningsretter2/8/2025
Vedtektsdato2/8/2025

Board and Management

Ownership stakes for the people in these roles could not be calculated right now. See the shareholder list for registered owners.

Board

ANN-CHRISTIN GJERDSETH ANDERSEN(1966)

Chair

12 other roles

ATLE KNUDSEN(1972)

Board member

6 other roles

Birgit Ulrike Rönnberg(1982)

Board member

Robert Edward Guy Jobson(1961)

Board member

TOR ØYSTEIN REPSTAD(1973)

Board member

12 other roles

Elisa Marie Tønnessen(1995)

Board member

1 other roles

Roger Ernst Buchmann(1971)

Board member

Karsten Möller(1977)

Alternate board member

Managing Director

JON FOLD VON BÜLOW(1983)

2 other roles

Service Providers

BDO AS

Auditor

AIDER AS

Accountant

Source: Brønnøysund Register Centre

Shareholders (65)

Showing 1–25 of 65 shareholders

1.49.92%

🇳🇴Å ENERGI INVEST AS

2,321,649 shares

2.17.36%

🇩🇰SIEMENS PROJECT VENTURES GMBH

807,560 shares

3.14.89%

🇩🇰PRIVATE EQUITY MINORITIES I K/S

692,600 shares

4.8.68%

🇨🇭ABB SWITZERLAND LTD

403,775 shares

5.5.78%

🇳🇴NOAH AS

268,610 shares

6.2.2%

🇳🇴NYSNØ KLIMAINVESTERINGER AS

102,223 shares

7.0.25%

🇳🇴ARENDALS FOSSEKOMPANI ASA

11,641 shares

8.0.16%

🇨🇭UBS SWITZERLAND AG

7,487 shares

9.0.11%

🇳🇴ERICALES INVEST AS

4,978 shares

10.0.10%

🇳🇴MORROW BATTERIES ASA

4,708 shares

11.0.09%

🇳🇴RACSO AS

4,000 shares

12.0.06%

🇳🇴BEBA AS

2,735 shares

13.0.05%

🇳🇴SFKJ HOLDING AS

2,500 shares

14.0.05%

🇳🇴NORDIC SUSTAINABLE VENTURES AS

2,125 shares

15.0.05%

🇳🇴KARLSEN CONSULTING AS

2,125 shares

16.0.04%

🇳🇴FD3M HOLDING AS

1,700 shares

17.0.02%

🇳🇴B RUSTAD HOLDING AS

1,011 shares

18.0.02%

🇳🇴HENNING KALAND(1992)

972 shares

19.0.02%

🇳🇴ARENDAL NÆRINGSSELSKAP AS

700 shares

20.0.01%

🇳🇴MOKOBA AS

640 shares

21.0.01%

🇳🇴SILJE WETRHUS HEBNES(1998)

555 shares

22.0.01%

🇳🇴JEROEN VAN DER ZEE(1987)

481 shares

23.0.01%

🇳🇴FREDERIC HAUGE(1965)

479 shares

24.0.01%

🇳🇴NINA HUNSAGER FRAMÅS(1985)

476 shares

25.< 0.01%

🇳🇴4EVER INVEST AS

381 shares

Source: Norwegian Tax Administration shareholder register · as of 12/31/2024

Group structure

The ownership line above the company and the entities that branch out from the same structure.

MORROW BATTERIES ASACurrent
- 100%
  MORROW INDUSTRIALIZATION CENTER AS
- 100%
  MORROW TECHNOLOGIES AS

Owns shares in (3)

MORROW INDUSTRIALIZATION CENTER AS

MORROW TECHNOLOGIES AS

Source: Norwegian Tax Administration shareholder register · latest available year per company

Client List

Registered companies where this business holds an active service-provider role.

KDEB1

MORROW BATTERIES ASA KONKURSBOOrg. no. 937675429Produksjon av batterier og akkumulatorerKDEBKDEBProduksjon av batterier og akkumulatorer——revenue

Public support

Where does the registered public support come from?

Year

Registered support · 2024

Grants and other support

Grants · Innovasjon Norge · NOK: 2024 (reference year) · Source award; 345,000,000 NOK; 1 registered record
Loans · Innovasjon Norge · NOK: 2024 (reference year) · Source award; 1,500,000,000 NOK; 3 registered records

Tax benefits

Registered tax benefits are not cash payments.

Tax benefits · Støtteregisteret · EUR: 2024 (reference year) · Source award; Exact amount not stated; 1 registered record1 record without an exact amount