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        Northvolt, a European EV battery and energy storage producer, has begun the construction of Northvolt Drei, its newest battery gigafactory in Germany.
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        The facility is expected to have a maximum annual production capacity of 60 GWh. Northvolt aims to begin operations at the gigafactory in 2026.
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    <a href="https://northvolt.com/articles/start-of-construction-at-northvolt-drei/">
      Press release
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EV Economy

PROMINENT_CATEGORY

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 <p>A European EV battery and energy storage producer, Northvolt, has started the construction of its newest battery gigafactory, Northvolt Drei, in Germany. The gigafactory is expected to have a maximum annual production capacity of 60 GWh and Northvolt plans to begin operations at the facility in 2026.</p>
 
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Northvolt initiates construction of Northvolt Drei

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

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<p>Northvolt, a European manufacturer of EV batteries and energy storage, has started building its latest battery gigafactory, Northvolt Drei, in Germany. The factory is anticipated to produce up to 60 GWh annually. Operations are expected to commence in 2026.</p>

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 <p>European EV battery and energy storage producer, Northvolt, has received USD 5 billion funding for the expansion of its Northvolt Ett battery factory in northern Sweden. This is reportedly the largest green loan received in Europe so far. The loan has been provided by 23 commercial banks, the European Investment Bank, and the Nordic Investment Bank, and includes refinancing the USD 1.6 billion debt package from 2020.</p>
 <p>With this funding, Northvolt plans to expand Northvolt Ett's cathode production and cell manufacturing. Additionally, it plans to expand the adjacent recycling plant, Revolt Ett, which is close to commissioning and processing its first materials.</p>
 
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Northvolt raises USD 5 billion to expand battery factory

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<p>Northvolt, a European producer of EV battery and energy storage, has obtained a USD 5 billion loan to increase the capacity of its Northvolt Ett battery factory located in northern Sweden. The loan is reportedly the most substantial green loan secured in Europe thus far. The loan was given by 23 commercial banks, the European Investment Bank, and the Nordic Investment Bank, and also includes the refinancing of the USD 1.6 billion debt package gathered in 2020.</p>
<p>The funds from this financing will assist in the expansion of Northvolt Ett's cathode production and cell manufacturing, alongside the enlargement of the neighbouring recycling plant, Revolt Ett. The latter is close to finishing the commissioning process and starting to work with its first materials.</p>

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Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Northvolt, a European EV battery and energy storage manufacturer, has raised a green loan of $5bn to expand its Northvolt Ett battery factory in Sweden, making it the largest green loan ever secured in Europe. The funding, provided by 23 commercial banks, the European Investment Bank and the Nordic Investment Bank, includes a refinancing of the $1.6bn debt package from 2020. The loan will help expand Northvolt Ett's cathode production, cell manufacturing, and the adjoining recycling plant, Revolt Ett, which is close to beginning operations.

Northvolt raises USD 5 billion to expand its battery factory

Providing a seamless consumer experience is one hope for bringing back brick and mortar retail, automated stores are being built to do just that.

Automated Stores

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 <p>A2Z Smart Technologies Corp, an Israeli tech solutions provider, introduced its latest Cust2Mate 3.0 smart cart solution. The new version features a lighter design, bulk production capabilities, and minimizes maintenance costs. It incorporates an interactive touchscreen, theft mitigation features, and personalized product recommendations using behavioural data.</p>
 <p>The 3.0 version uses technologies such as computer vision, RFID, AI anomaly behavior detection, barcode scanner, and weight sensor. A2Z has also launched a new website highlighting the features of Cust2Mate 3.0 and enabling customer engagement.</p>
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A2Z Smart Technologies unveils Cust2Mate 3.0

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 <p>Northvolt, a European EV battery and energy storage producer, has developed a state-of-the-art sodium-ion battery. The company claims the new technology is a safer, cost-effective, and more sustainable alternative to traditional battery chemistries.</p>
 <p>The new sodium-ion battery has an energy density of over 160 watt-hours per kilogram, making it more effective than traditional nickel, manganese, and cobalt (NMC) or iron phosphate (LFP) chemistries. It uses abundant minerals, like iron and sodium, and unique materials, like a hard carbon anode and a Prussian White-based cathode. Furthermore, it doesn't contain common battery components, such as lithium, nickel, cobalt, and graphite.&nbsp;</p>
 <p>According to Northvolt, the introduction of such batteries will stimulate the broader implementation of affordable and sustainable energy storage systems globally. Developed with its research partner Altris, this technology is particularly suitable for high-temperature environments and also promotes regional manufacturing independence due to local resource utilization. Its main attraction lies in its potential to power renewable power generation and assist the global shift toward electrification.&nbsp;</p>
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Northvolt unveils new sodium-ion battery for energy storage systems

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 <p>Northvolt, a European producer of EV batteries and energy storage, secured CAD 200 million (~USD 150 million) in convertible debt from CDPQ. The funds will be used for the Northvolt Six sustainable battery gigafactory project in Québec, with construction expected to commence by late 2023. The company raised roughly USD 1.2 billion in convertible notes earlier in 2023, following a USD 1.1 billion convertible note from mid-2022, to assist with its European and North American expansion endeavors. Previous round participants included IMCO, Blackrock, CPP Investments, and OMERS.</p>
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Northvolt raises CAD 200 million in convertible debt funding to support Northvolt Six project

Swedish company Northvolt has chosen a site in Quebec, Canada, for its first EV battery plant in North America. The company plans to invest CAD 7 billion (around USD 5.2 billion) in the project, with CAD 2.9 billion coming from the Quebec government and CAD 1.34 billion from the Canadian federal government. The facility, set to start operations in 2026, will initially have a capacity of 30 GW hours of lithium-ion cell manufacturing per year. The plant will also include facilities for manufacturing cathode-active material on-site, producing batteries, and recycling cells.

Northvolt receives government grants to build Quebec EV battery plant

Swedish company Northvolt has chosen a suburb in Quebec, Canada, as the location for its first electric vehicle (EV) battery plant in North America. The company plans to invest CAD 7 billion (~USD 5.2 billion) in the project, with government subsidies accounting for the funding. This includes a CAD 2.9 billion grant from the Quebec government and CAD 1.34 billion from the Canadian federal government. In addition, Northvolt expects to receive CAD 4.6 billion in operating subsidies over nine years. The facility will manufacture cathode-active material, produce batteries, and recycle cells, with an initial capacity of 30 GW hours of lithium-ion cell manufacturing per year starting in 2026.

All Updates

Northvolt initiates construction of Northvolt Drei

Northvolt initiates construction of Northvolt Drei

Northvolt raises USD 5 billion to expand battery factory

Northvolt raises USD 5 billion to expand battery factory

Northvolt raises USD 5 billion to expand its battery factory

A2Z Smart Technologies unveils Cust2Mate 3.0

Northvolt unveils new sodium-ion battery for energy storage systems

Northvolt raises CAD 200 million in convertible debt funding to support Northvolt Six project

Northvolt receives government grants to build Quebec EV battery plant

Northvolt receives government grants to build Quebec EV battery plant