Northvolt Develops Lithium-Ion Battery Cell in First for European Company
Swedish battery maker Northvolt said Wednesday it created a lithium-ion battery cell, the first by a European company, and plans to ship it to companies to power electric vehicles next year.
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Even without sun and wind, get a charge from Swedish
Scaling up Swedish battery companies. Scaling-up production was also the driver for the EU bank''s backing for Northvolt''s electric car battery. With an InnovFin-backed loan from the European Investment Bank, the
Northvolt''s Swedish battery plant-expansion company files for
The Swedish battery maker explained further that the insolvent company is just one of over 20 different entities within the Northvolt Group. The halting of plans and insolvency claim, according to the statement, will enable the Group to concentrate its resources towards "accelerating production in large-scale cell manufacturing within the
Northvolt to Cut Staff, Halt Some Output as EV Demand Falls
Swedish battery maker Northvolt AB is working to halt a financial tailspin by pausing some production at its flagship factory and cutting jobs as it comes to grips with operational difficulties
Northvolt
OverviewHistoryStructure, partnerships and ownershipLocationsExternal links
Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå, Sweden in 2021 and has announced plans for five others in Europe and North America.
Swedish eco-battery could break China dependency
Swedish battery company Northvolt has introduced a revolutionary sodium-ion battery. A battery poised to disrupt China''s dominance in the global electric vehicle (EV) battery market. Unlike traditional EV batteries, this breakthrough technology eliminates dependence on critical materials like lithium, nickel, graphite and cobalt. It thereby
Northvolt Scrambles to Land €200 Million in Stop-Gap
Struggling Swedish battery maker Northvolt AB met with multiple stakeholders on Monday as it seeks €200 million ($219 million) in fresh funds, according to people familiar with the matter. During the call,
Beyond lithium: how a Swedish battery company wants to power
The Swedish company''s labs form the largest campus for battery research in Europe. It''s here, in a former industrial zone on the outskirts of the town of Västerås, about 100 kilometres northwest of the capital Stockholm, that one of the continent''s best-funded climate tech companies could write the future of batteries.
Northvolt making progress towards securing financing package
Swedish battery maker Northvolt is making significant progress towards raising a new financing package, it told Reuters on Monday. Stockholm-based company news correspondent who mainly covers
Volkswagen writes down EV battery maker Northvolt''s stake
Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the company''s recent filing for bankruptcy protection in the US, reported
Sweden''s Northvolt wants to rival China''s battery
Mikael Sund, who works for the company Cramo, has been building containers in this Swedish city since 2020. He believes they have 1,500 to 2,000 containers by now. Nora Lorek for NPR hide caption
Northvolt co-founder, Swedish funds may inject cash, broadcaster
A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT
Swedish battery maker secures $1bn funding for Europe''s first
Swedish start-up Northvolt Wednesday (12 June) announced it had secured funding, in large part from Volkswagen, for Europe''s biggest car battery factory, set to rival electric carmaker Tesla''s US
Talga Secures Land for Swedish Battery Anode Refinery
Talga Secures Land for Swedish Battery effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently
Northvolt Scrambles for €200 Million in Stop-Gap Funding
Struggling Swedish battery maker Northvolt AB met with multiple stakeholders on Monday as it seeks €200 million ($219 million) in fresh funds, according to people familiar with the matter.
Beyond lithium: how a Swedish battery company
The Swedish company''s labs form the largest campus for battery research in Europe. It''s here, in a former industrial zone on the outskirts of the town of Västerås, about 100 kilometres northwest of the capital Stockholm,
Meet the company: Sustainable Swedish battery firm Northvolt
Northolt is a firm of many firsts. Not only has the Swedish startup built Europe''s largest battery manufacturing plant, but at the end of December 2021, it became the first European company to fully design, develop and assemble a battery at a gigafactory – marking a new chapter in European industrial history.. The Swedish startup, which was valued at US$12bn by investors
Swedish Company Says It''s Made Huge Battery Breakthrough
Europe''s leading battery maker says it has made a breakthrough that could reduce the world''s reliance on China. Swedish company Northvolt, founded in 2015 by two former Tesla execs, says its new
Northvolt reportedly exploring US bankruptcy protection
Swedish battery maker Northvolt is considering US bankruptcy protection as a strategy to address its financial challenges, according to a report by Reuters citing business daily Dagens Industri.
Northvolt
Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. [4] Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå, Sweden in 2021 and announced plans for five others in Europe and North America.The company filed for Chapter 11 reorganization on
Even without sun and wind, get a charge from Swedish battery companies
Scaling up Swedish battery companies. Scaling-up production was also the driver for the EU bank''s backing for Northvolt''s electric car battery. With an InnovFin-backed loan from the European Investment Bank, the company built a demonstration line of its concept in Västerås, not far from Stockholm. That factory started producing the new
Find Swedish Cleantech companies
BatteryLoop is a fast-moving and growing company, providing energy storage solutions and related services to companies at the forefront of electrification. Paper battery stores energy in buildings 23 September, 2022. More articles. The purpose of Swedish Cleantech is to contribute to the development, commercialisation and export of
Northvolt ditches plan for CAM giga-factory in Sweden, sells land
Swedish battery developer Northvolt AB has agreed to sell its industrial site in the municipality of Borlange, central Sweden, where it planned to repurpose the former Kvarnsveden paper mill and the surrounding area into a cathode active materials (CAM) factory. Northvolt bought the Kvarnsveden site from Finnish-Swedish pulp and paper
Construction of Northvolt''s Quebec EV battery plant halted until
Northvolt, a Swedish company and a giant in the field of electric vehicle batteries, said it decided to suspend work on the construction site later that day "out of respect for the ongoing legal
Swedish battery manufacturer Northvolt receives a $14 billion
Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order
Swedish Battery Company Northvolt Files for Bankruptcy in a
The Swedish company filed for US Chapter 11 bankruptcy protection and needs over $1 billion in new funding to stay afloat. Northvolt CEO and co-founder Peter Carlsson announced he is stepping down.
Energy storage going underground
In a research project started in 2020, a concept for underground pumped hydro storage (UPHS) is tested by Swedish company Pumped Hydro Storage in an abandoned underground mine on the island of Åland. The storage concept is intended to be able to support frequency regulation, which is not such a common application for conventional pumped hydro
Beyond lithium: how a Swedish battery company wants to power
Beyond lithium: how a Swedish battery company wants to power Europe''s green transition with salt Climate Home News 5 months ago. Northvolt has a developed a sodium-based battery, which doesn''t require critical minerals and could help break European dependence on China for the technology. → View Full Article
News
The Swedish origin innovative battery development company TEXEL Energy Storage... Read More. May 17, 2022. Uncategorized; Swedish battery technology development company TEXEL Energy Storage AB (TEXEL)... Read More. March 26, 2020. News; The Swede who tames Solar Energy.
Swedish battery specialist Polarium opens production
Polarium provides energy storage solutions built on lithium-ion technology for the telecom, commercial, and industrial segments. The company was founded in 2015 Polarium''s headquarters and R&D center are situated in
Battery maker Northvolt says head of main plant to step down
Swedish battery maker Northvolt said on Wednesday the head of its main plant would step down with immediate effect in the latest reorganisation of the cash-strapped group as it seeks to overcome