Northvolt introduced the signing of a $1.6 billion debt elevate supplied by a consortium of business banks, pension funds and public monetary establishments, rising the entire quantity of capital raised up to now for improvement of factories and R&D investments to over $three billion.
“The momentum for electrification is stronger than ever. Our prospects want giant volumes of high-quality batteries with a low CO2 footprint, and Europe should construct a totally regionalized worth chain to help them,” stated Peter Carlsson, co-founder and CEO, Northvolt.
Since launching in March 2017 Northvolt has grown to greater than 700 individuals and now employs over 70 completely different nationalities at its amenities in Sweden, Germany and Poland.
Northvolt Ett, with a possible annual output of 40 GWh, is below building and scheduled for begin of manufacturing in 2021. In parallel, the allowing course of is underway for Northvolt Zwei, which is being established as a three way partnership along with the Volkswagen Group and scheduled to start operations in 2024 with a possible output of greater than 20 GWh. Northvolt additionally has an operational battery methods manufacturing unit in Gda?sk, Poland.
Northvolt targets a 25 % market share in Europe by 2030, equaling roughly 150 GWh of commissioned annual manufacturing capability. At this similar time, Northvolt goals to safe 50 % of its uncooked materials necessities from recycled batteries. The recycling goal might be achieved via establishing a full-scale recycling facility at Northvolt Ett.
Based in Stockholm, Sweden, Northvolt is a European provider of sustainable, high-quality battery cells and methods. Founded to allow the European transition to a decarbonized future, the corporate has made swift progress on its mission to ship the world’s greenest lithium-ion battery with a minimal CO2 footprint. Among Northvolt industrial companions and prospects are ABB, BMW Group, Scania, Siemens, Vattenfall, Vestas and the Volkswagen Group. For extra info go to northvolt.com.
Northvolt was based by two former Tesla executives who broke out on their very own to construct the gigafactory .
(Source and picture: Northvolt)

The submit NORTHVOLT TO DEVELOP TWO LITHIUM ION GIGA-FACTORIES IN SWEDEN appeared first on Energy Global News.

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