Proventia Group Oyj

Proventia and Morrow Sign Long-term Master Supply Agreement for LFP Battery Cells

28.1.2026 11:00:00 EET | Proventia Group Oyj | Press release

Share

Proventia Oy (“Proventia”) and Morrow Batteries ASA (“Morrow”) have signed a Master Supply Agreement for long-term delivery of lithium iron phosphate (LFP) battery cells for Proventia’s battery modules and packs used in off-highway machinery and industrial applications. The agreement covers prismatic LFP cells and allows the addition of future cell chemistries as they become commercially available.

Morrow will supply LFP cells for Proventia’s standard and customer-tailored battery packs.
Morrow will supply LFP cells for Proventia’s standard and customer-tailored battery packs.

Under the agreement, Morrow will supply LFP cells for Proventia’s standard and customer-tailored battery packs, designed for demanding operating conditions. Deliveries are already underway, and the contract runs through 2031. The companies will also continue joint simulation and pack-level optimisation to shorten development time, cut prototyping and testing costs, and further improve battery performance and reliability.

"Being able to offer our customers battery technology manufactured in Europe, including the cells, is extremely important to us and increasingly required by our customers. This agreement supports our electric powertrain and battery development programs with quality, flexibility, and speed", says Jari Lotvonen, CEO, Proventia.

"This collaboration reflects Morrow’s focus on industrial agreements that strengthen Europe’s battery value chain. With this long-term master supply agreement, we can accelerate technology validation, secure reliable offtake and deliver advanced cell solutions into demanding applications, says Jon Fold von Bulow", says Jon Fold von Bulow, acting CEO of Morrow.

Proventia will begin its first customer deliveries using Morrow’s cells in spring 2026.

In 2026, Morrow will ramp up production capacity and further improve its processes, while keeping a strong focus on reliable deliveries and long-term customer partnerships.

Keywords

Contacts

Images

Morrow will supply LFP cells for Proventia’s standard and customer-tailored battery packs.
Morrow will supply LFP cells for Proventia’s standard and customer-tailored battery packs.
Download

About Proventia:
Proventia is an internationally operating Finnish technology company that develops and manufactures state-of-the-art solutions for reducing emissions and enhancing energy efficiency. Our product portfolio includes innovative emissions control systems, efficient thermal insulation products, and advanced electric powertrains and batteries. We serve the leading global names in the off-highway OEM engine and machinery industry. We consider people, the environment, and future generations in all our operations, with zero emissions being the company’s vision. Proventia employs around 200 industry professionals in Finland and the Czech Republic. Learn more at proventia.com and follow us on LinkedIn @proventia.

About Morrow Batteries:
Morrow Batteries ASA ("Morrow") is a Norwegian battery technology company strengthening energy resilience through sustainable innovation and industrial partnerships. With large-scale LFP cell production in place, Morrow delivers safe, long‑life, low‑carbon batteries for critical applications across Europe.​ At Norway’s largest battery R&D centre, Morrow is also developing next‑generation cobalt‑free LNMO batteries with reduced nickel and lithium, leveraging sustainable manganese. Founded in 2020 and headquartered in Arendal, the company employs around 220 people from more than 35 countries. Learn more at morrowbatteries.com and follow us on LinkedIn @MorrowBatteries.

Alternative languages

Subscribe to releases from Proventia Group Oyj

Subscribe to all the latest releases from Proventia Group Oyj by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Proventia Group Oyj

Proventia Group Oyj:n varsinaisen yhtiökokouksen päätökset ja hallituksen järjestäytyminen15.4.2026 12:44:17 EEST | Tiedote

Proventia Group Oyj:n varsinainen yhtiökokous pidettiin 15.4.2026 klo 12.00 alkaen Ravintola Uusi Seurahuoneella, osoitteessa Rantakatu 4, 90100 Oulu. Varsinainen yhtiökokous vahvisti tilinpäätöksen ja konsernitilinpäätöksen 31.12.2025 päättyneeltä tilikaudelta ja myönsi vastuuvapauden yhtiön hallituksen jäsenille ja toimitusjohtajalle sekä hyväksyi kaikki hallituksen ja osakkeenomistajien nimitystoimikunnan yhtiökokoukselle tekemät ehdotukset. Taseen osoittaman voiton käyttäminen ja varojenjaosta päättäminen Yhtiökokous päätti, että tilikauden voitto 13 343,88 euroa siirretään voittovaroihin ja voittovaroista jaetaan osinkoa 0,30 euroa / osake, eli osakkeiden kokonaismäärän ollessa 16 546 073 kpl, varoja jaettaisiin yhteensä EUR 4 963 821,90 euroa. Osinko maksetaan osakkeenomistajalle, joka on täsmäytyspäivänä 17.4.2026 rekisteröity Euroclear Finland Oy:n pitämään yhtiön osakasluetteloon. Maksupäivä on 24.4.2026. Hallituksen kokoonpano ja palkkiot Yhtiökokous päätti hallituksen jäsent

Resolutions of Proventia Group Oyj's Annual General Meeting and Board of Directors' Organizational Meeting15.4.2026 12:44:17 EEST | Press release

Proventia Group Oyj’s Annual General Meeting was held on 15 April 2026 at 12:00 p.m. at Restaurant Uusi Seurahuone, Rantakatu 4, 90100 Oulu (second floor). The Annual General Meeting adopted the annual accounts and the consolidated annual accounts for the financial year that ended on 31 December 2025, discharged the members of the Company’s Board of Directors and the CEO from liability, and approved all proposals made to the Annual General Meeting by the Board of Directors. Resolution on the use of the profit shown on the balance sheet and the distribution of funds Annual General Meeting resolved that the profit for the period EUR 13,343.88 be transferred to retained earnings, and that a dividend of EUR 0.30 per share be distributed from retained earnings, totalling EUR 4,963,821.90, with the total number of shares being 16,546,073. The dividend will be paid to a shareholder who is registered in the shareholders' register of the Company held by Euroclear Finland Ltd on the record date,

Proventia Group Oyj:n vuosiraportti 2025 on julkaistu8.4.2026 10:00:00 EEST | Tiedote

Proventia Group Oyj on julkaissut vuosiraporttinsa vuodelta 2025. Vuosiraportti sisältää strategisen katsauksen, vapaaehtoisen kestävyysraportin, selvityksen hallinnointi- ja ohjausjärjestelmästä, hallituksen toimintakertomuksen, tilinpäätöksen sekä tilintarkastuskertomuksen. Vuosiraportti on tämän tiedotteen liitteenä PDF-tiedostona. Raportit on saatavilla suomen- ja englanninkielisinä myös Proventian verkkosivuilla osoitteessa: https://www.proventia.com/fi/talousraportit/.

Proventia Group Corporation’s Annual Report 2025 published8.4.2026 10:00:00 EEST | Press release

Proventia Group Corporation has published its Annual Report for the year 2025. The Annual Report includes a Strategic Review, a voluntary Sustainability Report, a Corporate Governance Statement, the Board of Directors’ Report, the Financial Statements, and the Auditor’s Report. The Annual Report is attached to this release as a PDF. The reports are also available in Finnish and English on Proventia’s website: https://www.proventia.com/financial-releases/.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye