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.
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.
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.
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.
• 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’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 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.
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 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 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 has partnered with Northvolt to develop sustainable solutions for energy storage and district heating.
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.
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.
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.
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.
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.
Scania and Northvolt have jointly agreed to develop and commercialise battery cell technology for heavy commercial vehicles. Scania today announces that it is investing EUR 10 million in the partnership to enhance further development and support the establishment of Northvolt's demonstration line and research facility.
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.
Northvolt today announced a partnership with the two Swedish municipalities Skellefteå and Västerås for the establishment of Europe’s largest and most cutting-edge lithium-ion battery manufacturing.
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.
