Northvolt Ett News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This Friday Briefing looks at the battery manufacturing race Europe and the US are set to get into, with both trailing China.

The EU is 'stepping up its game on battery gigafactories', the European Commission's Maroš Šefčovič said at Giga Europe today (12 March).

Northvolt announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date. In addition to the expansion of Northvolt Ett’s cathode production and cell manufacturing, the finance package will enable the expansion of the […]

The lending package is part of a $5 billion non-recourse project financing, the biggest green debt deal in Europe to date, and will support expansion of Europe’s first circular battery production gigafactory, Northvolt Ett, in Skellefteå, Sweden. The EIB financing is backed by the Swedish National Debt Office and the European Commission’s InvestEU programme, and partially intermediated through commercial banks participating in the project financing. The EIB previously supported Northvolt’s demo line in Västerås, as well as the initial phase of the Skellefte

Northvolt has secured a $5bn non-recourse project loan for the expansion of the first circular gigafactory in the country.