European ESS battery company Morrow files for bankruptcy

energy-storage.news May 8, 2026

European ESS battery company Morrow files for bankruptcy

Curated by Shubham · TechCapsules · May 8, 2026

AI-summarised brief · reviewed before publication

Norway-based ESS battery startup Morrow has filed for bankruptcy due to liquidity issues, citing intensified global competition, increased capital costs, delays in industrialization, and a restrained investment market. The company had secured master supply deals and offtake commitments but was unable to secure new financing. Morrow's bankruptcy is a significant blow to Europe's domestic battery industry, with approximately NOK3.3 billion of investment at stake.

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Neoen Australia signs virtual battery deals for 540MWh Western Downs Battery

Neoen Australia has signed virtual battery agreements with energy retailers Nectr and SmartestEnergy for Stages 2 and 3 of the Western Downs Battery in Queensland. The agreements will provide up to 2-hour and 4-hour capacity services to Nectr and SmartestEnergy, respectively. This brings the total number of virtual battery customers at the Western Downs site to five, with Neoen retaining ownership and operations of the physical asset. The facility, located in the Western Downs region, is expanding in scale and commercial depth, with Stage 3 expected to add 305MW/1,220MWh of 4-hour duration storage.

💡 The proliferation of virtual battery agreements like those signed by Neoen Australia highlights the growing demand for flexible energy solutions that can manage the intermittency of renewable energy generation portfolios. As the energy market continues to shift towards more decentralized and variable power sources, innovative commercial structures like virtual batteries will become increasingly crucial for ensuring grid reliability and frequency services.

cleantechnica.com · Jun 18

Trump Pays Off Energy Company in Grudge Match Against Offshore Wind

Donald Trump is paying Invenergy $765 million to abandon its four offshore wind leases, following a pattern of attempts to hinder wind development in the US. This move comes after the administration dismissed its appeal in a legal challenge against Trump's executive order to ban wind development. Trump had previously paid TotalEnergies $1 billion to abandon offshore wind development in March 2026. The deal is under investigation by Senator Whitehouse and Democratic Senators. The Sierra Club has criticized Trump's actions as a "grudge match" against wind power, citing the administration's history of obstructing renewable energy progress. Trump's efforts have been met with resistance from environmental groups and the courts, which have overturned stop work orders for offshore wind farms. The payment to Invenergy is the latest development in Trump's efforts to promote fossil fuels over renewable energy.

💡 Trump's payments to energy companies undermine the growth of offshore wind, a crucial component of the US's transition to renewable energy. By using public funds to favor fossil fuels, Trump's actions threaten to increase energy costs and pollution for American families.

energy-storage.news · Jun 17

Solar Energy Corporation of India invites bids for 4.8GWh of energy storage-backed…

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cleantechnica.com · Jun 17

Fossil Fuels Are 40% Of Freight Shipping Tonnage, But Half Its Fuel…

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💡 The maritime energy transition is not just about replacing fossil fuels with alternative molecules, but also about reducing the overall energy demand through changes in cargo composition and transport work. By focusing on the remaining fuel-burning work after fossil cargo declines, the industry can identify opportunities for electrification and efficiency gains, making the transition more feasible and less reliant on a universal global fuel chain.

techcrunch.com · Jun 17

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💡 Geothermal energy could beat nuclear fission and fusion to commercial deployment, with Critical Energy's modular turbines potentially enabling gigawatt-scale power plants by the early 2030s. Advanced geothermal could also power nearly two-thirds of new data centers by 2030, addressing the tech industry's growing energy needs.

bgr.com · Jun 17

China’s Massive Electric Container Ship Recharges Via Swappable Battery Containers

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💡 Zero-emission shipping reduces environmental impact, particularly in densely populated coastal areas. Autonomous navigation capabilities also enhance safety and efficiency in maritime transport.