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

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 secures environmental permit for Europe's largest battery factory

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.

Northvolt Strengthens Team

Northvolt Strengthens Team

Press releases   •   May 08, 2017 12:01 CEST

Northvolt continues its work to build a world-class operational project team. We’re proud to announce several key hirings and one new Industrial Advisor.

News 1 hit

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.