Post by william todts

This is a great read on the lessons that can be drawn from the failure of a (smaller) Nordic/European battery producer that did many things right - by Julian Renpenning ⁉️ Why did Morrow fail Essentially: cut throat competition (overcapacity + low prices), inevitable (for a start up) hiccups in the industrialisation process, capital costs and investor reticence led to the company running out of 💶 💶 Side note: in China running out of €€ seems to be less of a problem. You can say: we have a different economic model but that's untenable if you compete in the same market. ⁉️ The big question "The model of private equity combined with government loans and grants has now produced three high-profile failures in the Nordic region alone: Northvolt, Freyr, and Morrow. The question is no longer whether European battery startups face structural headwinds. It is whether the funding and policy architecture surrounding them can be redesigned to give viable companies a better chance of survival through the most cash-intensive phase of their development." It's a big question, I wonder though.. who in Europe is actually trying to answer that question? Or do we feel we have done enough? In that case the odds for Powerco, Verkor and ACC are not great. Ann Mettler Albéric Mongrenier Joss Garman Arthur Corbin Hauke Engel Kurt Vandenberghe Julia Poliscanova (she/her)