Northvolt: Europe's battery ambitions rest on this Swedish start-up

This article is an acquisition of Capital , Capital's premium digital offering.

Northvolt: Europe's battery ambitions rest on this Swedish start-up

This article is an acquisition of Capital , Capital's premium digital offering. For you as a stern PLUS subscriber, it is exclusively available here until March 27th, 2023. After that, it will again only be available to Capital subscribers at www.capital.de/plus

Deep in a dense subarctic pine forest in northern Sweden, a low-rise gray building blends into the surrounding snow and overcast horizon. This is the unlikely place where one of the most important industrial projects in Europe is emerging: the first own battery cell factory.

The first construction phase of this mega-factory, which is being built by the Swedish start-up company Northvolt, is the size of 70 football pitches. It is designed to stand up to competitors in Asia and the US in a sector crucial to the energy transition.

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