Facts

Founded2016

Employees1000+

Nationalities71

MarketsAutomotive, grid, industrial, portable

SolutionsStrategy, cells & battery systems, smart diagnostics

Locations

Northvolt Labs

Västerås, Sweden

R&D center and demonstration line for qualification and industrialization of products and processes together with customers

Northvolt Stockholm

Stockholm, Sweden

Northvolt Ett

Skellefteå, Sweden

Main production site for battery cells, which includes active material preparation, cell assembly, recycling and auxiliaries

Northvolt Battery Systems

Gdansk, Poland

Production site for battery modules and energy storage solutions

Northvolt Zwei

Braunschweig/Salzgitter, Germany

Northvolt–Volkswagen Group Joint Venture battery manufacturing

Partners

History

October 2016Northvolt is founded with the mission to build the world's greenest battery to enable the European transition to renewable energy.

January 2017Northvolt closes an initial funding round of $12 million.

March 2017Northvolt is officially launched at its headquarters in Stockholm.

September 2017A recycling program is initiated with Chalmers University in Gothenburg, Sweden, with the aim to industrialize the recycling process of lithium-ion batteries.

October 2017Northvolt confirms its gigafactory, Northvolt Ett, will be built in Skellefteå and a demonstration factory and research facility, Northvolt Labs, will be established in Västerås, Sweden.

February 2018Northvolt's Battery Systems team completes development of its first battery module prototype.

March 2018Northvolt's Cell Design team delivers its first test cell through collaboration with external partners in Japan. Surpassing 100 employees, Northvolt represents over 30 different nationalities.

April 2018Northvolt commences construction of Northvolt Labs in Västerås.

June 2018Northvolt receives the environmental permit for Northvolt Ett. Ground preparations in Skellefteå began the next day.

October 2018Northvolt commences development of Northvolt Battery Systems Jeden, in Gdansk, Poland – a facility designed for industrialization and assembly of battery modules and solutions.

January 2019Surpassing 200 employees, Northvolt has three factories under development.

March 2019Northvolt R&D facilities produce the company's first prismatic cell.

April 2019Northvolt receives a second environmental permit, extending Northvolt Ett production capacity to 16 GWh/year. Northvolt's Battery Systems team assembles its first stationary energy storage unit, Voltrack.

June 2019Northvolt completes an equity capital raise of $1 billion for development of Northvolt Ett.

September 2019A joint venture between Volkswagen Group and Northvolt is announced to establish a 20 GWh gigafactory in Germany – Northvolt Zwei.

October 2019Structural construction work begins at Northvolt Ett. Northvolt surpasses 500 employees.

December 2019Northvolt launches its recycling program, Revolt.

May 2020Northvolt launches a mobile energy storage solution – Voltpack Mobile System.

June 2020Hydro and Northvolt launch Hydro Volt – a joint venture to establish an electric vehicle battery recycling facility in Norway in 2021.

July 2020Northvolt signs a debt raise of $1.6 billion to support development of production capacity and additional initiatives in recycling and R&D.

September 2020Northvolt signs an equity raise of $600 million to support development of production capacity, expansion of Northvolt Labs and a full-scale recycling facility at Northvolt Ett.

A Commitment to Sustainability

At Northvolt, sustainability provides a bedrock to our mission of building a green lithium ion battery to enable the European transition to a clean, carbon-neutral energy future. We intend to set a new benchmark for sustainable manufacturing, not only of batteries but for manufacturing at large.

We have made a commitment to responsible sourcing and leveraging our position wherever opportunity arises to improve livelihoods of individuals within our sphere of influence. Through our due diligence and traceability strategy we will assure a value chain free of conflict, child labor and human rights abuses.

While Northvolt cell manufacturing will be powered by 100 percent renewable energy, investments in vertical integration and innovation of process design will enable us to optimize use of resources, as well as minimize the environmental footprint of Northvolt and its products.

We embrace the principles of circular economies at every opportunity, and seek to take advantage of opportunities for industrial symbiosis in all environments we have a physical presence.

Many of our highest ambitions center around the end-of-life handling of our products, where we have ongoing R&D projects to support deployment of state-of-the-art recycling capacities.

We recognize our responsibility as a global corporate citizen, and will work with employees, investors, partners, customers and communities to ensure that our products shift societies towards the achievement of the UN Sustainable Development Goals.