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The BrightVolt Take: Europe’s Battery Bet Sold for Scrap

The BrightVolt Take: Europe’s Battery Bet Sold for Scrap

Aug 28, 2026 | Battery Technology, Policy & Regulations

Lyten, a Silicon Valley startup that has never shipped a battery cell at gigawatt scale, has agreed to buy Norway’s bankrupt Morrow Batteries — its sixth distressed European battery asset in fourteen months. Morrow burned through NOK 5.1 billion, roughly €468...