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Energy Storage
Northvolt gets cash to make Li-ion batteries
by Alex Scott
June 20, 2021
| A version of this story appeared in
Volume 99, Issue 23
Credit: Northvolt
Northvolt's facility under construction in Sweden
The Swedish lithium-ion battery maker Northvolt has raised $2.75 billion from investors to increase the capacity of a lithium-ion battery plant that it is building in Skellefteå, Sweden, by 50%, to 60 GWh. Northvolt has raised a total of over $6.5 billion since it started up in 2017. Its aim is to produce 150 GWh or more of batteries annually in Europe from three plants by 2030. It has $27 billion in customer contracts, including a $14 billion order from Volkswagen.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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