Northvolt

Northvolt’s planned site for a new battery factory site in Canada has been sabotaged by a group of activists. Last year, it was announced that Northvolt, a Swedish battery manufacturer known for building large battery cell factories in Europe, would enter the North American market with a new 30 GWh battery factory in Quebec, Canada. The factory is planned at a site between Mcmasterville and Saint-Basile-le-Grand, on the south shore of Montreal. The project has received massive government…

Swedish lithium-ion battery producer Northvolt has raised an additional $5 billion, firmly locking in its position as one of Europe’s best-funded startups and recipient of the largest-ever green loan from the EU. The company is adding that cash to its pot of $13 billion in equity and debt to expand operations across the world. Northvolt is looking to build and expand battery plants across Sweden, Poland, Germany, the United States, and Canada. The $5 billion will be used to expand its first cell…

Swedish battery maker Northvolt has raised €4.6bn to boost the expansion of Europe’s first homegrown gigafactory and support the company’s battery recycling plans. Specifically, the capital will help expand cathode production and cell manufacturing at the Northvolt Ett factory in northern Sweden. It will also enable the development of Revolt Ett, the adjacent recycling plant in the final stages of its commissioning and is currently processing its first materials. The plant recovers…

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

Swedish lithium-ion battery maker Northvolt locked in European approval for a €902 million ($986 million) subsidy from the German government to build its gigafactory there. The European Commission gave the new factory the stamp of approval, adding that it will boost the bloc’s clean energy future and help curb its dependency on China, according to a statement. The EC also had said that without the German subsidy, Northvolt – a battery startup founded by two former Tesla executives – would have…

Northvolt is going forward with building its EV battery plant in Germany after the EU ups its subsidies game to compete with US incentives. In November 2022, Northvolt paused its plan to build Northvolt Drei, a gigafactory in Heide, Germany, due to rising energy costs in Europe caused by Russia’s invasion of Ukraine. Jesper Wigardt, a Northvolt spokesman, said in November (via Automotive News Europe): Given what is happening in North America and what is happening in Europe on the other…

Northvolt, Europe’s biggest battery maker, has confirmed that it will build its next gigafactory in Heide, Germany, following the federal government’s pledge to provide state aid. The announcement comes after several months of uncertainty. In March 2022, the Swedish manufacturer and the German state of Schleswig-Holstein signed a memorandum of understanding to construct a factory in the region. But in October 2022, Northvolt said it might postpone the plan and priotirise a US expansion instead…

Swedish low-carbon battery startup Northvolt is on a bit of a roll lately. Recently, the company revealed a new collaboration with Scania to produce the longest lasting EV batteries on the market. Now, its wholly-owned subsidiary Cuberg has unveiled a program to develop high-performance batteries to achieve “safe and sustainable” electric flight.  One of the biggest stumbling blocks to zero-emission electric aviation is, apart from access to renewable energy, battery technology. Today’s…

<!----> Swedish manufacturers Scania AB and Northvolt AB have collaborated to create a high-mileage…

Swedish battery manufacturer Northvolt is taking its technology to the skies, announcing a new program surrounding lightweight, energy-dense lithium metal cells and modules to support electric aviation. The electric plane battery development is already underway through Northvolt’s subsidiary Cuberg, which has some milestones to share. Northvolt was founded by two former Tesla executives following their time working at the American automaker’s first Gigafactory in Nevada alongside Panasonic.…