Northvolt: "The battery manufacturing sector has attractive growth potential driven by the accelerating adoption of battery storage and electric vehicles," said David Giordano, global head of climate infrastructure at BlackRock.
European gigafactory firm Northvolt has started producing battery energy storage systems (BESS) at its Northvolt Dwa facility in Poland, while also securing a US$1.2 billion convertible note.
By Dominic Chopping STOCKHOLM--Swedish battery maker Northvolt has raised $1.2 billion from investors including BlackRock and Canadian pension firms ahead of a planned expansion in Europe and...
Leading the round alongside BlackRock were the Canada Pension Plan, Ontario Municipal Employees Retirement System and, as previously reported, pension investor Investment Management Corp. of Ontario.
Tuesday's announcement signals the first time Northvolt has shared concrete plans to build in North America. If Northvolt builds in the U.S., it'll be able to take advantage of government incentives featured in President Joe Biden's Inflation Reduction Act (IRA).
Blackrock throws weight behind Northvolt, as new Polish plant begins production rechargenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rechargenews.com Daily Mail and Mail on Sunday newspapers.