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Primary Location Stockholm, Sweden

Northvolt was founded to enable the transition to a decarbonized future by establishing a sustainable battery industry. To do this, we’re pioneering a new approach to battery manufacturing rooted in a commitment to fossil-free energy, sustainable sourcing of raw materials and recycling. Building the world’s greenest battery is no easy task, but with passionate problem-solvers from around the world, we strive to set a new benchmark for sustainability in the battery industry. Want to join us in building a cleaner world? Find your challenge at

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🇩🇪 Northvolt chooses Germany over US for new EV battery plant with €902M aid

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🏢 Organizations: Northvolt

The European Commission to approve a €902 million German state aid measure to retain Germany as the location of Northvolt’s new EV battery manufacturing plan. In line with the Green Deal Industrial Plan, the Commission approved the aid under the State aid Temporary Crisis and Transition Framework. Without the funds, Northvolt would establish its plant in the United States, with the backing offered through the Inflation Reduction Act.

Read more at Tech EU

Northvolt in new sodium-ion battery breakthrough

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✍️ Author: Richard Milne

🏢 Organizations: Northvolt

Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition. Northvolt says it validated a sodium-ion battery at the critical level of 160 watt hours per kilogramme, an energy density close to that of the type of lithium batteries typically used in energy storage. Lithium batteries used in electric cars have an energy density of up to about 250-300Wh per kg while those typically deployed in energy storage have about 180Wh per kg.

“It is quite key to be the first ex-China player to have a sodium-ion product validated for energy storage,” said Iola Hughes, research manager at battery consultancy Rho Motion.

Read more at Financial Times

🔋 Northvolt raises $1.2 billion convertible note as first energy storage systems are produced at Northvolt Dwa

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🔖 Topics: Funding Event

🏢 Organizations: Northvolt, BlackRock

As Northvolt assembles its first battery systems at Northvolt Dwa in Poland, the company today announced the raising of $1.2 billion to finance plans for its further European and North American expansion. The funding is an extension of the $1.1 billion convertible note signed in July 2022, and has attracted investment from funds labeled dark green in accordance with Article 9 of the EU’s Sustainable Finance Disclosure Regulation (SFDR). Leading the extension are the Investment Management Corporation of Ontario (IMCO), BlackRock and Canada Pension Plan Investment Board (CPP Investments), as well as long-term financial partner OMERS, making its third major investment in the company.

Read more at Northvolt Articles

ABB expands partnership with Northvolt to electrify the world’s largest battery recycling facility

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🔖 Topics: Partnership

🏢 Organizations: Northvolt, ABB

ABB and Northvolt are further strengthening their long-standing collaboration in the field of green batteries, an increasingly critical part in the ongoing energy transition. Since 2017, ABB has already delivered key electrification and automation equipment to power Northvolt Ett gigafactory for lithium-ion batteries in Sweden. This partnership is now being expanded to include battery recycling with ABB providing process electrification to power the world’s largest battery recycling facility, Revolt Ett, being established by Northvolt in Skellefteå, northern Sweden. Financial details were not disclosed. The order was booked in the first quarter of 2023.

Read more at ABB News