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Northvolt Ett gigafactory in Skellefteå, Sweden.

Northvolt raises $2.75 billion in equity to deploy further battery cell capacity – expands Swedish gigafactory to 60 GWh

Northvolt today announced the signing of a $2.75 billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers engaged in the transition to decarbonized, electric solutions.

Northvolt to supply Pon Equipment with battery systems for electrification of construction equipment.

Northvolt to supply Pon Equipment with battery systems for electrification of construction equipment.

-Northvolt to supply battery systems for the electrification of Pon Equipment engineered Z-line excavators, with an initial delivery of 90 systems. - Electrified excavators to be delivered to selected customers beginning spring 2021. - The Z-line 310 and Z-line 320 meet increasing demand for zero-emission construction equipment.

Northvolt Ett gigafactory in Skellefteå, Sweden.

Northvolt receives $14 billion battery cell order for Swedish gigafactory from Volkswagen

Northvolt and Volkswagen today unveiled the next step in the partnership between the two companies. The collaboration will place a greater focus on Northvolt’s gigafactory in Sweden, which will be further expanded to support a combined order worth more than $14 billion as Northvolt is selected by Volkswagen Group as a strategic lead supplier for premium battery cells in Europe.

Northvolt acquires U.S. battery technology company Cuberg to commercialize next-generation battery cells for electromobility

Northvolt acquires U.S. battery technology company Cuberg to commercialize next-generation battery cells for electromobility

Northvolt today announced the acquisition of Cuberg, Inc., a U.S.-based battery technology company delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.

The new battery systems factory in Poland.

Northvolt expands operations in Poland to establish Europe’s largest factory for energy storage solutions

Northvolt’s vision of enabling the future of energy takes a new step forward through a $200 million expansion of its battery systems capabilities in Gdańsk, Poland. Entering production in 2022, a new factory will have an initial annual output of 5 GWh, and a potential future capacity of 12 GWh.

The Northvolt Ett gigafactory in Skellefteå, Sweden, currently under construction.

Northvolt raises $600 million in equity to invest in capacity expansion, R&D and giga-scale recycling

Northvolt today announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen Group, enabling the company to make further investments in expanding its production and recycling capacity as well as R&D activities to support the target of establishing 150 GWh of manufacturing capacity in Europe by 2030.

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"Volvo Cars and Polestar are industry leaders and perfect partners on the journey ahead as we aim to develop and pr… https://t.co/5ySuHfzjnN

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Through the new joint venture, Northvolt and @volvocars will establish a new gigafactory powered by 100% clean ener… https://t.co/I4rVgHBdxD

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Proud to join forces with @volvocars in a partnership geared to build safe, sustainable batteries tailored to power… https://t.co/B33oLwwwcM

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1/5 · A Northvolt story outlining the opportunities and function of Northvolt Labs cell industrialization platform:… https://t.co/8KS6TyWDcL

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1/5 · A Northvolt story covering our approach to battery recycling: ‘Cell to cell: creating a circular European bat… https://t.co/cRkynspWmP

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Over 300 roles currently open at Northvolt, from engineering and construction to manufacturing and software design.… https://t.co/exF2HrG0Wl

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RT @ForbesTech: Northvolt to step up battery cell output with $2.75 billion equity round https://t.co/yGp6raCdTt by @heatherfarmbro

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RT @ftenergy: Sweden’s Northvolt raises $2.75bn to boost battery output https://t.co/pbX3C5uswu

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RT @ScaniaGroup: Scania’s partnership with @northvolt is about developing and commercialise battery cell technology for heavy vehicles. Whe…

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With the latest financing, Northvolt has now raised more than $6.5 billion in equity and debt to enable an expansio… https://t.co/IDtWnAqiDN

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“We've been producing cells at Northvolt Labs for more than a year and are excited to now bring the knowledge and t… https://t.co/qJvmS9JLsp

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The transition to a decarbonized, electrified future requires big investments: announcing an equity raise of $2.75… https://t.co/OkDH9WROfk

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Northvolt

Northvolt

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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.

Northvolt
Northvolt
Gamla Brogatan 26
111 20 Stockholm
Sweden