Northvolt launches recycling program targeting 50 percent recycled material in new cells

Press releases   •   Dec 13, 2019 08:31 CET

- Northvolt’s recycling program – Revolt – will establish its first pilot recycling plant in Västerås, Sweden, in 2020 - A full-scale recycling plant at Northvolt Ett gigafactory in northern Sweden will be established by 2022 - As recycling capacity ramps up, Northvolt is targeting 50% recycled material in new cells by 2030

Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

Press releases   •   Jun 12, 2019 13:15 CEST

Northvolt today announced the agreement of a $1 billion equity capital raise to enable the establishment of Europe’s first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden. In cooperation with the Volkswagen Group, the company also announced plans to establish a second gigafactory with an intended location in Lower Saxony, Germany.

Northvolt to establish state-of-the-art production facility for battery systems

Press releases   •   Oct 22, 2018 11:30 CEST

In order to meet the increased demand for complete battery solutions on the European market, Northvolt today announced it is establishing a new facility to industrialize and produce battery modules.

Northvolt secures environmental permit for Europe's largest battery factory

Press releases   •   Jun 07, 2018 11:15 CEST

Northvolt today received the environmental permit for the establishment of Europe’s largest lithium-ion battery cell factory. Ground preparations on the factory site, which marks the initial step of the construction phase, will now begin on June 8.

Siemens and Northvolt partner in next generation lithium-ion battery cell production

News   •   May 25, 2018 12:00 CEST

Siemens and Northvolt today announced a partnership for the development of best-in-class technology to produce high-quality, green lithium-ion batteries. The partnership, which will be supported by Siemens through an investment of EUR 10 million, also includes the supply of lithium-ion batteries.

Skellefteå Kraft and Northvolt in strategic partnership to develop sustainable energy solutions

News   •   May 23, 2018 09:33 CEST

Skellefteå Kraft has partnered with Northvolt to develop sustainable solutions for energy storage and district heating.

Northvolt kicks off construction for Northvolt Labs –  establishment marks first step towards European large-scale battery cell manufacturing

Press releases   •   Apr 27, 2018 11:30 CEST

Northvolt today kicked off the construction of Northvolt Labs. Once completed in 2019, the cutting edge scale-up and research facility will be used to develop, test and industrialize lithium-ion battery cells before large-scale production.

Media invitation: The next step towards the establishment of a European value chain for large-scale battery manufacturing

Press releases   •   Apr 20, 2018 13:43 CEST

With the mission to enable the transition to renewable energy and electrification, Northvolt one year ago launched its plans to build Europe’s largest lithium-ion battery factory. The team is now entering the next phase of its mission, and on April 27 media is invited to the official kick-off for the establishment of Northvolt Labs.

Blog post: Cells, modules and packs – what is a battery?

Blog posts   •   Mar 13, 2018 09:35 CET

When people talk about batteries, they sometimes talk about different things. And as batteries are becoming a key enabler to the electrification of Europe, many people have asked what a battery really is, and how Northvolt’s large-scale lithium-ion battery factory fits into the picture in relation to other battery related initiatives out there. Here is how it works.

EU to support Northvolt’s European battery project with InnovFin backing

News   •   Feb 12, 2018 20:48 CET

The Board of Directors of the European Investment Bank (EIB) has approved a loan request from Northvolt AB. The financing, a facility of up to EUR 52.5 million, is projected to be supported by InnovFin – EU Finance for Innovators’s Energy Demonstration Projects facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.

The parties will now finalise negotiations and, after signature, Northvolt is expected to begin construction of its demonstration line in the coming months. This facility will serve to show the commercial viability of the concept and to qualify and industrialize products together with Northvolt’s customers. The produced batteries are targeted for use in transport, stationary storage, and industrial and consumer applications.

The demonstration site will also comprise a research facility and in total the Västerås operations will employ between 300-400 people. The launch of the demonstration plant is a key step towards the establishment of Northvolt’s large-scale li-ion battery factory in Skellefteå, eventually targeting a production of 32 GWh worth of battery capacity annually.

Ambroise Fayolle, vice-president of the EIB, commented: “The Bank is fulfilling one of its main purposes by supporting this type of research and development in Europe. With the growing momentum of clean energy and electric mobility, batteries will become ever more important. Europe is currently lagging behind when it comes to battery manufacturing and this highly innovative and strategic project deserves European backing to fill that gap.”

Peter Carlsson, CEO of Northvolt, added: “Europe is moving rapidly towards electrification. Northvolt’s objective is to build the world’s greenest battery to enable the transition. With the support from the European Investment Bank and the European Union, we are now one step closer to establishing a competitive European battery manufacturing value chain.”

Vice President of the European Commission in charge of the Energy Union Maroš Šefčovič said: "Batteries are a strategic component of our competitiveness and to capture a new European market worth EUR 250 billion annually as of 2025, we need to act fast. I therefore welcome the decision taken by the EIB, which will help this industry-led project take off the ground. It is important to pool all available instruments at the national and European level, such as InnovFin. The European Battery Alliance will continue supporting prospective partnerships throughout the value chain."

EC Commissioner Carlos Moedas, in charge of Research, Science and Innovation, said: "I am happy to see EU loans enabling real market-creating innovation. With 40% of all patents for renewable technologies belonging to European companies, the EU is undoubtedly leading the fight against climate change. But many of Europe's great innovations in clean energy technologies end up being produced elsewhere, meaning that others make much more money out of European innovations than we do. Today's decision will help to correct this."

The Board of Directors of the European Investment Bank (EIB) has approved a loan request from Northvolt AB. The financing, a facility of up to EUR 52.5 million, is projected to be supported by InnovFin – EU Finance for Innovators’s Energy Demonstration Projects facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.

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About Northvolt

Enabling the Future of Energy

Northvolt was founded in 2016 with the mission to build the world’s greenest battery, with a minimal carbon footprint and the highest ambitions for recycling, to enable the European transition to renewable energy. Northvolt’s team of experts is building the next generation battery factory focused on process innovation, scale and vertical integration. Once completed, it will be Europe’s largest battery factory and produce 32 GWh worth of battery capacity annually.


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