Northvolt raises $1.6 billion in debt financing through consortium of global financial institutions
Northvolt today announced the signing of a $1.6 billion debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing the total amount of capital raised to date for development of factories and R&D investments to over $3 billion.
BMW Group signs long-term supply agreement for battery cells with Northvolt
In pursuit of expanding its offering of electromobility solutions, the BMW Group has signed a long-term supply contract worth 2 billion euros for battery cells with Northvolt. The battery cells will be produced from 2024 at Northvolt Ett gigafactory, currently under construction in Skellefteå, northern Sweden.
Northvolt and Hydro launch joint venture to enable electric vehicle battery recycling
• Hydro and Northvolt establish a joint venture, Hydro Volt, to harness recycling synergies between battery and aluminum industries • Hydro Volt aims to leverage the advanced Norwegian market for electric vehicles to secure sustainable feed of battery materials • Joint recycling hub to start operations in Norway in 2021
Northvolt launches recycling program targeting 50 percent recycled material in new cells
- 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
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
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
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
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
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
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
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?
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.