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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.

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The Swedish Energy Agency supports the establishment of Northvolt Labs

News   •   Feb 05, 2018 11:42 CET

The Swedish Energy Agency today announced it will support the establishment of Northvolt’s demonstration line, Northvolt Labs, in Västerås, Sweden, with a grant up to SEK 146 million. 

Vestas and Northvolt partner on battery storage for wind energy to support the further integration of renewables

Vestas and Northvolt partner on battery storage for wind energy to support the further integration of renewables

News   •   Dec 15, 2017 11:01 CET

Sustainable energy leader Vestas and battery manufacturer Northvolt today announced a technology collaboration on the development of a lithium-ion battery platform for Vestas power plants. As an initial phase of the partnership, Vestas is investing EUR 10 million.

ABB and Northvolt partner for Europe’s largest battery factory

ABB and Northvolt partner for Europe’s largest battery factory

News   •   Sep 26, 2017 08:30 CEST

ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment.

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Northvolt proceeds with Västerås and Skellefteå in the site selection process of establishing a large-scale battery factory in Europe

News   •   Jul 04, 2017 07:35 CEST

Today, Northvolt took the next step towards establishing a large-scale battery factory in Europe. During the coming fall, public consultations for the establishment of a large-scale production of lithium-ion batteries will be undertaken in the two Swedish municipalities Skellefteå and Västerås.