Northvolt Starts Building Germany Battery Gigafactory With 60 GWh Annual Capacity

Germany-based Northvolt has started the construction of its battery gigafactory Northvolt Drei. The occasion was joined by Federal Chancellor Olaf Scholz, Vice Chancellor Robert Habeck, and Minister-President of Schleswig-Holstein Daniel Günther, together with Northvolt CEO and Co-Founder Peter Carlsson and Northvolt Drei CEO Christofer Haux, who started piling machinery at the industrial site outside the […]

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Volvo Signs Up 1 GW Offshore Wind Project to Power Ops in Sweden

Sweden-based renewable energy developer Eolus Vind AB has entered into an agreement with Volvo Car AB, under which, Eolus will supply energy to the carmaker from its 1 GW Vastvind offshore wind project. The plant, located off the coast of Gothenburg, will power Volvo’s Torslanda factory in western Sweden. The said project includes a battery […]

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Li-ion Battery-Maker NorthVolt Aims to Build World’s Greenest Battery Cell

Northvolt is a Sweden-based startup which develops sustainable lithium-ion batteries in conjunction with R&D, industrialisation, and recycling to support clean energy. The Li-ion battery maker was founded in 2016, with a mission to build the greenest battery in the world. The firm provides electrification and renewable energy storage designed for lithium-ion battery plants to produce […]

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Swedish Battery Materials Firm Altris AB Appoints Martin Anderlind as CEO

Leading sodium-ion technology company in Sweden, Altris AB has announced the appointment of Martin Anderlind as Chief Executive Officer, effective as of 1 September 2022. Anderlind joins Altris from Northvolt, where he most recently held the position of Chief Talent Officer. “We are extremely excited to welcome on board Martin Anderlind as the new CEO […]

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Setting Up a Battery Manufacturing Plant: The Factors That Matter

Battery manufacturing is one of the fastest-growing industries worldwide. A decade ago, consumers used batteries for their laptops, phones and other gadgets. Today, these energy storage devices are powering cars, medical equipment and even houses. New plants for battery production are popping up as a result. But in this realm of a gradual shift towards […]

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REC Group gets EU grant for solar factory in France

REC Solar has declared the award of a grant from the European Union for the construction of a 2 GW heterojunction (HJT) module factory in France. India’s Reliance Industries bought REC Solar in 2021. The company held previously that 2 GW per year of HJT modules that will be manufactured by it will have a […]

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Northvolt Raises $1.1 Billion To Roll Out Battery Factory In Europe

Swedish battery manufacturer Northvolt has shared signing a $1.1 billion convertible note towards financing the expansion of battery cell and cathode material production in Europe. The decision has been taken to complement the  increasing demand for batteries. Investors that lent participation in the capital raise included AMF, AP funds 1-4, ATP, Ava Investors, Baillie Gifford, […]

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120-year-old paper mill to become battery materials gigafactory in Sweden

Northvolt and Stora Enso have signed a letter of intent for the purchase of the Kvarnsveden Mill and the surrounding industrial area in Borlänge, Sweden. Northvolt will develop the site into a manufacturing plant for active material and battery cells, reusing and refurbishing much of the existing facilities and site infrastructure, an official statement said. […]

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After Becoming EV Nation, Norway Seeks Battery Recycling Crown

Norway, a country of barely 5.4 million citizens, has shown a commitment to EVs that is quite simply, unmatched in the developing world. It was the country with the most electric vehicles per person in January last year. The European nation has been a frontrunner in the world EV market right through 2021. Even in […]

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