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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 U.S. battery industry has surged in the wake of the IRA, but it still lacks a domestic anchor like Northvolt.
STOCKHOLM : Swedish lithium-ion battery producer Northvolt said on Tuesday it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden. The company has now secured more than $13 billion in equity and debt to expand its opera
Swedish lithium-ion battery producer Northvolt has raised $5 billion, firmly locking in its position as Europe’s best-funded startup and recipient of the largest-ever green loan from the EU.
Swedish lithium-ion battery producer Northvolt said on Tuesday it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern...