{"id":5600,"date":"2022-05-23T09:13:34","date_gmt":"2022-05-23T09:13:34","guid":{"rendered":"https:\/\/clp.no\/?p=5600"},"modified":"2022-05-23T09:29:30","modified_gmt":"2022-05-23T09:29:30","slug":"clp-advised-morrow-batteries-in-its-eur-100-million-private-placement-2","status":"publish","type":"post","link":"https:\/\/clp.no\/clp-advised-morrow-batteries-in-its-eur-100-million-private-placement-2\/","title":{"rendered":"CLP advised Morrow Batteries in its EUR 100 million Private Placement"},"content":{"rendered":"<p>CLP acted as legal advisor to Morrow Batteries AS in its EUR 100 million private placement with Siemens Financial Services, ABB, Nysn\u00f8 Klimainvesteringer and Arendals Fossekompani as new investors. Existing shareholders Agder Energi Invest, NOAH and the Danish pension fund PKA also participated in the investment round.<\/p>\n<p>Morrow Batteries&#8217; aim is to manufacture the world&#8217;s most cost-effective and sustainable battery cells, and the company is targeting a battery Gigafactory at Eyde Energy Park in Arendal with an annual production capacity of 43 GWh battery cells. This private placement will finance the first phase of the company&#8217;s factory with a production capacity of more than 1 GWh battery cells each year, with planned operating start in 2023.<\/p>\n<p>Bringing in some of the leading industrial companies in its shareholder base represents a significant milestone for Morrow Batteries, and secures a strong position for the further development of the company.<\/p>\n<p>The CLP team was led by <a href=\"https:\/\/clp.no\/team-members\/lars-gunnar-aas\/\">Lars Gunnar Aas<\/a>, and also consisted of <a href=\"https:\/\/clp.no\/team-members\/arve-rolstad-jahren-2\/\">Arve Rolstad Jahren<\/a>, <a href=\"https:\/\/clp.no\/team-members\/kristoffer-gjesdahl\/\">Kristoffer Gjesdahl<\/a>, <a href=\"https:\/\/clp.no\/team-members\/morten-andreas-lind\/\">Morten Andreas Lind<\/a>, <a href=\"https:\/\/clp.no\/team-members\/havard-r-skogvoll\/\">H\u00e5vard Skogvoll<\/a> and <a href=\"https:\/\/clp.no\/team-members\/andreas-kildal\/\">Andreas Kildal<\/a>.<\/p>\n<p>The private placement is further described in Financial Times <a href=\"https:\/\/www.ft.com\/content\/fce7f78c-3834-4895-86d8-5cfe33677ba2\">here<\/a>, and in Dagens N\u00e6ringsliv <a href=\"https:\/\/www.dn.no\/gronn-okonomi\/har-fatt-tek-giganter-med-pa-laget-henter-en-milliard-kroner-til-ny-batterifabrikk\/2-1-1222155\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CLP acted as legal advisor to Morrow Batteries AS in its EUR 100 million private placement with Siemens Financial Services, ABB, Nysn\u00f8 Klimainvesteringer and Arendals Fossekompani as new investors. Existing shareholders Agder Energi Invest, NOAH and the Danish pension fund PKA also participated in the investment round. Morrow Batteries&#8217; aim is to manufacture the world&#8217;s [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":5610,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,70],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CLP advised Morrow Batteries in its EUR 100 million Private Placement<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clp.no\/clp-advised-morrow-batteries-in-its-eur-100-million-private-placement-2\/\" \/>\n<meta property=\"og:locale\" content=\"nb_NO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CLP advised Morrow Batteries in its EUR 100 million Private Placement\" \/>\n<meta property=\"og:description\" content=\"CLP acted as legal advisor to Morrow Batteries AS in its EUR 100 million private placement with Siemens Financial Services, ABB, Nysn\u00f8 Klimainvesteringer and Arendals Fossekompani as new investors. Existing shareholders Agder Energi Invest, NOAH and the Danish pension fund PKA also participated in the investment round. Morrow Batteries&#8217; aim is to manufacture the world&#8217;s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clp.no\/clp-advised-morrow-batteries-in-its-eur-100-million-private-placement-2\/\" \/>\n<meta property=\"og:site_name\" content=\"CLP\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/clp2007\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T09:13:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-23T09:29:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/clp.no\/wp-content\/uploads\/2022\/05\/Morrow4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"936\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aina Eikeland\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Skrevet av\" \/>\n\t<meta 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