Joint Battery Initiative (JBI) Partners Agree to Conclude Project

Based on an overall assessment of the business case for participation in the European battery value chain, Equinor, Hydro and Panasonic have decided to end their feasibility study as planned on December 31, 2021. No further activity is planned at this time.

Over the last year, Equinor, Hydro and Panasonic have explored the potential for establishing a sustainable and cost-competitive partnership in the European battery business. The joint effort has given the three companies comprehensive and valuable insight into the growing European battery value chain, supply and demand dynamics and policy developments.

Based on the close relationship and trust that has been developed between the partners, the companies remain open to jointly mature opportunities in the European battery value chain at a later stage.