Nordic Batteries
Nordic Batteries AS is a Norwegian manufacturer of customized LFP battery modules and packs for defense, subsea, critical infrastructure, construction/mining, and energy-storage applications, using Morrow Batteries cells and an automated Industry 4.0 assembly line.
- Company typePrivate
- Founded2021
- HeadquartersHøvik, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nordic Batteries does
Nordic Batteries AS is a Norwegian battery module and pack manufacturer founded in 2021 and headquartered in Kongsberg, with additional operations in Høvik and a pilot production line (Factor 47) opened in January 2025. The company was carved out from the former battery-pack subsidiaries of ZEM after Volvo Penta's acquisition of ZEM, and is led by CEO Jarle Gjøsæther with founder Jan-Olaf Willums (MIT DSc) on the board. It produces customized LFP battery modules using cells supplied under a seven-year, 5.5 GWh agreement with Morrow Batteries, combined with a proprietary Battery Management System (BMS) and an automated Industry 4.0 assembly line co-developed with Siemens, Intek, and SINTEF under the BATNET consortium.
Its product portfolio spans 48V and 100V LFP modules (5 kWh and 10 kWh per pack, up to 800V nominal), LV/HV battery racks, 21700-format drone batteries, subsea battery systems, and movable energy-storage solutions. Target verticals are defense, subsea, and critical infrastructure as primary segments, with secondary focus on construction and mining electrification (e.g., Volvo CE charging containers) and battery energy storage (via partner Eldrift).
Nordic Batteries monetizes through quote-based hardware sales of custom modules and packs, delivered via direct enterprise sales (CEO/CCO-led engagement at trade shows such as Hannover Messe and Nordic EV Summit) and channel partnerships with system integrators (Eldrift, ZEM, Kongsberg Electronics). Pricing is not publicly disclosed; contracts are multi-year and configuration-dependent. The company is currently pre-revenue at meaningful scale, with a planned 1 GWh fully automated production facility targeted for a final investment decision before summer 2025 and production start in the first half of 2026.
Nordic Batteries firmographics
Firmographics- Name
- Nordic Batteries
- Legal name
- Nordic Batteries AS
- Website
- https://nordicbatteries.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nordic Batteries AS is a Norwegian manufacturer of customized LFP battery modules and packs for defense, subsea, critical infrastructure, construction/mining, and energy-storage applications, using Morrow Batteries cells and an automated Industry 4.0 assembly line.
- Ownership category
- akta.pro rank
Nordic Batteries industry classification
Industry- Product category
- Industrial Battery Manufacturing
- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910), Electrical Equipment Manufacturing (3353)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)
- akta.pro secondary industries
- Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC), Battery Management Systems (BMS) & Safety Controls (EUAFAAAD)
Keywords
Where Nordic Batteries is headquartered
LocationHeadquarters
- HQ city
- Høvik
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
Nordic Batteries business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Battery Modules and Packs Sales: Sale of customized battery modules and packs for industrial applications including LV and HV batteries, drone batteries, subsea batteries, and movable energy storage systems. Revenue generated through direct hardware sales to system integrators and end customers.
- Custom Battery Solutions: Engineering and manufacturing of custom battery solutions based on specific customer requirements. Flexible selection of battery cells and chemistries configured to customer specifications.
- Zero-Emission Power Supply Systems: Combined fuel cell and high-power battery system development through Green ICT program partnership with Beyonder and PowerUP Energy Technologies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom battery solutions - quote-based pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Nordic Batteries product offering
Product offeringCore offering
Nordic Batteries manufactures and supplies industrial-grade LFP (lithium iron phosphate) battery modules and packs, including drone, subsea, low-voltage (48V), high-voltage (100V), and movable energy storage variants. The company complements its hardware with a proprietary Battery Management System (BMS) and offers custom-engineered battery solutions for defense, maritime/subsea, construction, and critical infrastructure customers.
Product overview
Nordic Batteries offers a portfolio of battery modules, packs, and custom solutions for demanding industrial applications. The core product lineup includes 21700 Drone Batteries for UAV applications, 48V LFP Batteries for off-grid and movable storage, and 100V LFP Batteries for high-voltage series configurations. These are complemented by LV and HV battery categories. The company provides Custom Battery Solutions with flexible cell selection and configuration, along with proprietary Battery Management System (BMS) software for intelligent energy optimization. Products are designed for sectors including Defence, Subsea, and Critical Infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Drone Batteries (21700)
- Subsea Batteries
- Movable Energy Storage
- 48 Volt LFP Batteries
- 100 Volt LFP Batteries
- LV (Low Voltage) Batteries
- HV (High Voltage) Batteries
- Custom Battery Solutions
Quantifiable outcome
- First battery modules delivered to customer for testing from pilot line
- +3 more outcomes
Companies that use Nordic Batteries
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Nordic Batteries technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nordic Batteries partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Morrow BatteriescoreStrategic partnership for supply of 5.5 GWh of Lithium Iron Phosphate battery cells over 7 years. Nordic Batteries develops battery modules and packs using Morrow's LFP cells. Companies cooperate in sales and marketing activities and explore potential joint production of batteries. Partnership includes 7 GWh project pipeline until 2030 with Eldrift.
- EldriftcoreStrategic partnership with Morrow and Eldrift to develop complete battery packs for mobile and stationary BESS. Nordic Batteries delivers battery modules, packs, BMS, and temperature control technology. Eldrift provides infrastructure solutions to various markets.
- European Battery Alliance (EBA250)coreMembership in EBA250 network provides access to regulatory insights, market intelligence, business development opportunities, and de-risking opportunities. Aligns with European Strategic Action Plan for Batteries and provides insight into battery sector activities and upcoming legislation.
- SiemenscoreTechnology partnership for 3D and simulation tools used in battery module production design. Siemens provides digital tools for ensuring optimal outcomes in production planning. Collaboration on Kongsberg Agenda events.
- IntekcoreEngineering agreement for full-scale production line for battery modules. Intek co-developed pilot line in BATNET project and provides machinery and production line setup expertise. Pilot line demonstrated at Raufoss before transfer to Kongsberg.
- ZEM (Zero Emission Maritime Solutions)coreExtended collaboration with ZEM and Kongsberg Electronics at new Fiskumparken facilities. Partnership for scaling production of battery containers for boats and construction sites. ZEM provides charging container products.
- Kongsberg ElectronicscoreCo-location partnership at Fiskumparken facilities starting October. Partnership for scaling production of battery containers. Collaboration in Kongsberg cluster of companies.
- University of South Eastern Norway (USN)minorPartnership for Systems Engineering (Industry Master) program. Students work part-time while completing master's degree. Nordic Batteries welcomes students for practical experience in battery system design and Industry 4.0 production.
- Battchain/VikenminorCollaboration in BATTCHAIN-VIKEN project to develop profitable and sustainable battery value chain in Viken region. Engages businesses, academia, and local government to create competitive value chains.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Nordic Batteries competitors and assessment
Company assessmentBroad incumbents
- Akasol (BorgWarner): German battery pack manufacturer for commercial vehicles, buses, and industrial applications, now owned by BorgWarner. Direct comparability on pack assembly for demanding industrial and mobility use cases, with much larger scale and OEM relationships.
- Saft (TotalEnergies): French battery manufacturer specializing in industrial, defence, and space-grade battery systems. Highly comparable in defense, subsea, and critical infrastructure use cases, with a much larger footprint and long-standing qualifications.
- ElringKlinger: German automotive supplier with battery modules and packs for commercial vehicles and stationary storage. Comparable in producing modular LFP packs and integrating BMS, serving European industrial customers.
Direct peers
- Voltabox: German-based manufacturer of high-performance battery modules and packs for industrial and electromobility applications. Closely comparable product scope (modular LFP/NMC packs for industrial, mining, and intralogistics) and similar B2B sales model.
- Kreisel Electric: Austrian battery pack and module specialist known for high-power-density LFP/NMC packs and immersion-cooled battery systems. Comparable in producing customized packs for marine, off-highway, and energy storage applications.
- BMZ Group: European headquartered lithium-ion battery pack manufacturer offering custom and series packs for industrial, e-mobility, medical, and energy storage segments. Comparable product portfolio and B2B custom battery business model.
- Leclanché: Swiss manufacturer of lithium-ion battery packs and energy storage systems for e-transport, maritime, and grid storage. Comparable in LFP chemistry focus and European offshore/maritime ESS positioning.
- Custom Cells Itzehoe: German specialist cell and pack manufacturer focused on custom battery solutions for demanding industrial and mobility applications. Comparable as a European custom-pack and prototype-to-series manufacturer.
Emerging players
- Pylontech: Chinese battery energy storage system manufacturer with strong presence in residential and small commercial ESS. Adjacent in the global ESS pack market facing European buyers, representing price competition Nordic Batteries must counter with European-made positioning.
- Freyr Battery: Norwegian/European battery cell manufacturer collaborating with Nordic Batteries in the BATNET project. Adjacent peer in the Norwegian battery value chain producing LFP cells that Nordic Batteries packs into modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Nordic Batteries social profiles
Digital presenceNordic Batteries financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nordic Batteries leadership team
Management profileNumber of profiles
Profiles7 records
Nordic Batteries funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nordic Batteries M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nordic Batteries
What does Nordic Batteries do?
Nordic Batteries manufactures and supplies industrial-grade LFP (lithium iron phosphate) battery modules and packs, including drone, subsea, low-voltage (48V), high-voltage (100V), and movable energy storage variants. The company complements its hardware with a proprietary Battery Management System (BMS) and offers custom-engineered battery solutions for defense, maritime/subsea, construction, and critical infrastructure customers.
Is Nordic Batteries a public or private company?
Nordic Batteries is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nordic Batteries founded?
Nordic Batteries was founded in 2021. It employs 11 to 50 people.
Where is Nordic Batteries based?
Nordic Batteries is headquartered in Høvik, Norway, in the Europe region.
How does Nordic Batteries make money?
Three revenue lines are on record. Battery Modules and Packs Sales are the primary driver. The others are custom Battery Solutions and zero-Emission Power Supply Systems.
Who are Nordic Batteries's main competitors?
Broad incumbents on record are Akasol (BorgWarner), Saft (TotalEnergies) and ElringKlinger. Direct peers are Voltabox, Kreisel Electric, BMZ Group, Leclanché and Custom Cells Itzehoe. Emerging players are Pylontech and Freyr Battery.
Does Nordic Batteries have an API?
No public API is recorded for Nordic Batteries.
What industry is Nordic Batteries in?
Nordic Batteries's product category is Industrial Battery Manufacturing. Its primary akta.pro industry code is IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly), with a secondary code of EUAFABAI, Battery Pack Manufacturing & Module Assembly. Its NAICS code is 33591 and its SIC code is 3600.