Volkswagen Group and Goldman Sachs Merchant Banking Division lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation.
In-principle approval of the European Investment Bank to support Northvolt’s gigafactory for lithium-ion battery cells in Skellefteå, Sweden, with EUR 350 million in financing.
The permit provides authority to increase operational capacity from 8 GWh to 16 GWh at Northvolt Ett battery manufacturing facility to be constructed in the north of Sweden.
European companies and institutes join forces under the leadership of the Volkswagen Group and Northvolt to form the European Battery Union consortium.
Yesterday, the fifth meeting of the European Battery Alliance (EBA) took place in Brussels. As a partner to the initiative, Northvolt was pleased to be in attendance.
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.
Munich/Stockholm/Brussels The BMW Group, Northvolt and Umicore have formed a joint technology consortium in order to work closely together on the continued development of a complete and sustainable value chain for battery cells for electrified vehicles in Europe. The project is seeking to press ahead with the sustainable industrialisation of battery cells in Europe and the associated acquisition of skills, from cell chemistry and development through to production and ultimately
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. The factory will be built in the municipality of Skellefteå in the north of Sweden. The environmental permit, which covers both construction and operation, was granted by the Land and Environment Court in
Siemens to offer Northvolt its Digital Enterprise portfolio that enables the digitization of the entire value chain – from the design of the battery cell to production and services Siemens will support the technology partnership through an investment of EUR 10 million After production start, Northvolt will become a preferred supplier for lithium-ion batteries for Siemens Siemens and Northvolt today announced a partnership for the development of best-in-class technology to
Skellefteå Kraft has partnered with Northvolt to develop sustainable solutions for energy storage and district heating. The effects of climate change are driving the transition to sustainable, weather dependent energy sources as well as the electrification of the transport sector. In this transition, the ability to store energy will become crucial. Skellefteå Kraft’s aim is for hydro power to play a more significant role as the “green battery” within the
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. The kick-off ceremony was held in the presence of Vice-President Maroš Šefčovič of the European Commission, the initiator of the industry led EU Battery Alliance, Vice President Andrew McDowell of the European Investment Bank (EIB), and
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 parties will now finalise negotiations and, after signature, Northvolt is expected to
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. Northvolt Labs, which in addition to the demonstration line also will include a research facility, will be used to qualify and industrialize products and processes together with Northvolt’s partners and customers. The launch of Northvolt Labs is a key step towards the
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. Vehicle electrification is rapidly advancing and offers a favourable path towards more sustainable transport solutions. For heavy trucks and buses, continued development of both charging
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. With renewable energy generation now cost-competitive with electricity produced from fossil fuels, significant challenges remain in how to integrate renewable energy into power grids and systems, as renewables cannot always match supply
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. Northvolt is building the next generation battery factory focused on process innovation, scale and vertical integration. The objective is to build the world’s greenest battery, with a minimal carbon footprint and the highest ambitions for recycling, to enable the European transition to renewable energy. –
Johan Söderström, MD ABB Sweden, Peter Carlsson, Founder and CEO Northvolt, and Ulrich Spiesshofer, CEO ABB. 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.
Today, Northvolt took the next step towards establishing a large-scale battery factory in Europe. During the coming fall, public consultations for the establishment of a large-scale production of lithium-ion batteries will be undertaken in the two Swedish municipalities Skellefteå and Västerås Following this spring’s discussions with eight Swedish and two Finnish municipalities, Northvolt has, after careful consideration, decided to begin consultations for the establishment of the factory in Västerås and
Northvolt continues its work to build a world-class operational project team. We’re proud to announce several key hirings and one new Industrial Advisor. “We’re proud and excited to welcome such seasoned experts to the Northvolt team. Each of them is respected in their individual field of expertise. They bring knowledge and experience that complements our current team well and they all share the commitment and passion for transforming our society.
Northvolt proceeds with discussions 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 are now proceeding discussions with Gothenburg, Gävle, Luleå, Malmö, Mariestad-Skövde, Norrköping, Skellefteå and Västerås in Sweden, and with Kotka-Hamina and Vaasa in Finland. Electrification
Batteries have just begun transforming the mobile and transport sectors. Next in line is the energy sector where batteries can deliver multiple services and at the same time enable the integration of high levels of renewable energy. In the early 1980s the researcher Akira Yoshino got the task from Sony to develop a safer and better battery for portable camcorders. After a few years intensive work he was able to
SGF Energy AB, announces it’s re-branding into Northvolt AB (as of today). A growing consciousness of the urgency to mitigate the effects of climate change is accelerating the transition to a fossil fuel free society. An increased use of batteries is one of the cornerstones in this transition, enabling massive conversion to sustainable transportation as well as a deep integration of renewable sources in the energy mix. Experts suggest that