Press release -
Northvolt invests $750 million to establish world’s first R&D campus covering the entire battery ecosystem
- Northvolt is underway in establishing Northvolt Labs as Europe’s leading campus for battery technologies via investment of approximately $750 million
- Key facilities under development include platforms for material and cell R&D and industrialization, battery systems development and battery recycling
- Collectively, Northvolt Labs will host a unique ecosystem of capacities for catalyzing advances in the emerging European battery industry and lead to employment of some 1,000 persons
October 7, 2021. Västerås, Sweden – Northvolt today announced it is expanding Northvolt Labs in Västerås, Sweden, into a fully-integrated ecosystem for catalyzing technological advances in the emerging European battery industry.
The new campus will be built out from Northvolt Labs – the existing cell industrialization plant with adjacent testing facilities and the Revolt pilot recycling plant, which will feed recycled raw materials directly into on-site production. Amounting to a total investment of $750 million, the campus will provide customers with access to a toolbox spanning the full-spectrum of value-chain activities relating to lithium-ion battery design, development and lifecycle – from active materials and cell design, through to battery systems and recycling.
Peter Carlsson, Co-Founder and CEO of Northvolt said: “There is today an irreversible momentum surrounding the switch to battery electric solutions. Northvolt Labs is being expanded in order to capitalize on this – to drive the transition at even greater speed towards safe, sustainable battery solutions. By establishing a campus where industrial actors can engage, surrounded by all necessary facilities, it is our belief that we can create the necessary foundation for Europe to emerge as the leading region for a technology that is at the heart of the race to decarbonize.”
The first new facility is already under construction – an R&D center which will enable development of novel battery cell materials and products, thereby widening the scope of Northvolt’s ability to meet increasing demand for customized solutions, whilst also pushing the boundary on next-generation cell technologies. In parallel, a new 15,000 square meter office is under development to support an increase in headcount from 400 persons today to at least 1,000 persons who will work at Northvolt Labs.
Additionally, a new customer center will be established to serve as a space for partners, start-ups, scale-ups and academia, to meet, collaborate and collectively drive forward European industry players engaged in battery technologies and electrification.
Yasuo Anno, Chief Development Officer of Northvolt, said: “Establishing this campus is the natural next step for Northvolt in its mission to deliver world-leading battery technologies. R&D, cell design and module development, battery recycling, manufacturing process development – these fields cannot proceed in isolation. By bringing all the parts of the puzzle together, on a single campus, we will be uniquely positioned to develop battery solutions for the global battery market."
Northvolt is a European supplier of sustainable, high-quality battery cells and systems. Founded to enable the European transition to a decarbonized future, the company has made swift progress on its mission to deliver the world’s greenest lithium-ion battery with a minimal CO2 footprint. Among Northvolt industrial partners and customers are ABB, BMW Group, Scania, Siemens, Vattenfall, Vestas, Volkswagen Group and Volvo Cars.