What does Northvolt do?

Northvolt is a Swedish battery manufacturer established in 2016 by former Tesla executives Peter Carlsson and Paolo Cerruti. The company focuses on producing sustainable lithium-ion batteries for electric vehicles and energy storage, utilizing renewable energy and recycled materials. Headquartered in Stockholm, Northvolt has expanded its operations with several factories, including Northvolt Ett in Skellefteå, which aims to produce 60 GWh of battery cells annually by 2024, and Northvolt Labs in Västerås for research and development. Northvolt specializes in lithium-ion battery cells, including cylindrical and prismatic designs, as well as battery modules and packs. The company has made advancements in sodium-ion technology and is developing recycling capabilities through its Revolt Ett plant. Northvolt delivered its first commercial battery cells to a car industry customer in May 2022, marking a significant milestone as Europe's first manufacturer to do so. The company has secured substantial contract commitments and partnerships, including collaborations with Volkswagen and BMW.