Northvolt - Enabling the future of energy
High quality batteries, competitively priced, best in class sustainability
Battery power will enable us to be significantly more environmentally friendly in all we do. We are working to make a compelling business case for batteries over the full value chain
— Tom Johnstone, Chairman of Husqvarna, board member of Volvo Cars, board member of Investor and Industrial Advisor for Northvolt
The future happens when you make it available
Electrification and renewable energy storage are the keys to a carbon neutral society. Batteries will enable the transition. The auto industry alone will need batteries in huge numbers to replace fossil fuels with electricity. The ability to store energy is also crucial to free the world’s energy generation and distribution from coal, oil and natural gas. Northvolt accelerates this transition by building Europe’s largest battery factory.
We share a bold streak, passion for our mission
and are prepared to work hard in pursuit of excellence. We also
enjoy the ride.
Chief Strategy & Technology Partnership Officer
Head of Business Development & Communications
Head of Finance
Head of Programs
Head of Recycling
Independent investor and board member, working at Norrsken Foundation. Board member Telia Company and Indutrade
Board professional, Chairman BTS Group, Board member Skandia, Served as CEO of RBS Nordics and CEO of Swedbank, member of SEK’s (Svensk Exportkredit) Credit Committee
Chairman of Husqvarna, Board member of Volvo Cars and Investor, Served as President and CEO of SKF Group
CEO Bellbird, former EMEA President MSLGROUP and Founding Partner of JKL
CEO KIC InnoEnergy. Served as CEO Atos Origin Iberia and South America, VP at SchlumbergerSema Energy and Utilities and Chairman of Spanish Consulting Association
SVP Strategic Development, Vattenfall Group, Former Senior Partner and Managing Director of BCG Nordic
Chairman Atlas Copco, Board member Investor and Stora Enso, Former CEO and President of Electrolux
Former Minister for Enterprise, Chairman KF and Coop Sweden, Served as Chairman of Folksam and Swedbank
Chair of Boliden and Studsvik, Board member of Atlas Copco and Beijer Alma, Former CEO and President of SSAB Swedish Steel
Questions & answers
Strong societal and political willingness to move from an oil based energy model to carbon-free energies are creating new trends in electrification of transportation. An increasing mix of renewable energy production adds volatility in power production - it needs better storage solutions. Until now cost has been too high for widespread adoption. We are now able to bring costs down.
Why are batteries so crucial?
Batteries are key in the transition from fossil fuel to renewable energy. Batteries enable massive conversion to sustainable transportation as well as a deep integration of renewable sources in the energy mix.
How will the batteries be used?
Batteries are used in several consumer and industry goods, electric vehicles, white goods and Energy Stationary Storage (ESS) solutions.
If I’m interested in buying cells?
Currently we are partnering with, taking orders from and offering supply options to customers with volume needs exceeding 250 MWh/year. If you’re interested, please contact firstname.lastname@example.org
What is the tipping point?
There are strong indications that when the cost of lithium-ion batteries drops below US$100 per kWh, a number of user-sectors will reach an inflection point where traditional technology is no longer cheaper. This, in turn, will quickly lead to a situation when global demand significantly outpaces existing and planned production capacity.
How big will the factory be?
The factory will have four blocks of 8 GWh capacity. This requires a footprint of roughly 500 000 m2 or the equivalent of nine soccer fields.
Why so big?
In order to deliver affordable and high quality batteries and still make production profitable we need economies of scale. We also need deep vertical integration with raw material mining, a high level of automation and robotization. We also need plenty of preferably green, fossil free and attractively priced energy.
Why build a factory in the Nordic region?
Access to clean water, inexpensive, carbon neutral energy with a stable grid is key, and something that the Nordic countries can offer. Furthermore, several critical minerals can be mined in the region. There is strong academic competence at hand, a highly educated work force as well as a large number of multinational companies with strong interest in energy storage and battery technology.
Where will the factory be built?
The aim is to have a decision in place this summer with regards to which sites the company should proceed with for environmental assessments and permitting processes. Northvolt is currently working with in-depth assessments with eight Swedish and two Finnish municipalities to identify the optimal site for a large-scale battery production facility. Physical preconditions, logistics, local business climate and the ability to attract highly skilled labor have been particularly important in the selection process. Northvolt is considering Gothenburg, Gävle, Luleå, Malmö, Mariestad-Skövde, Norrköping, Skellefteå and Västerås in Sweden, and with Kotka-Hamina and Vaasa in Finland.
What are the necessary site-selection requirements?
A wide range of conditions are
considered with a few absolutely necessary:
• the site must have at least 500 000 – 700 000 m2 ready for ground preparation 2018 with a complete industrial zoning permit in place
• the site must have a strong realistic potential to extend industrial zoning area to 2 000 000 m2
• the power supply to the site must have an exceptionally strong grid connection
How big is the investment?
The 32+ GWh production site will require a €4+ Bn investment over a period of six years.
How many factories does the world need?
We believe there is a long-term market for 100-150 factories of our size.
Who is Northvolt?
Northvolt is led by a team of experienced professionals with background in automotive, energy storage, logistics and business development. Northvolt was founded by CEO Peter Carlsson, Paolo Cerruti, Carl-Erik Lagercrantz and Harald Mix. The company is owned by them directly or via holding companies. In addition, employees and advisors have shares and/or warrants in the company. Northvolt has received external funding in the form of investment and/or loans and grants from The Swedish Energy Agency (Energimyndigheten), Vinnova, Innoenergy, Vattenfall and Stena.
How do I apply for a job at Northvolt?
Check out our Jobs section. Northvolt is currently expanding and we seek superstars in a wide range of areas. We’re currently hiring very specific expertise but you can also send us an open application.
What is Northvolt's view on gender diversity?
Gender diversity is important for Northvolt. We are a startup and have only begun to build our team. We have several women represented across the main functions of the company, including the management team and the advisory board, but there is always room for improvements. We are convinced that having a diverse and dynamic team makes Northvolt a better company. We will continue to work hard to attract expertise from all over the world and walks of life, to join the company as we continue to grow.