Battery maker Northvolt aims to create the world’s greenest battery using hydroelectric power from northern Sweden. Thanks to EU funding, Northvolt can build the Northvolt Labs development center, where the batteries will be developed and tested before large-scale production takes place in a factory in Skellefteå. The development center will create 400 jobs.
In 2015, an estimated 400,000 Europeans died prematurely due to air pollution, 7,000 of whom in Sweden alone. With much of this pollution caused by cars, greener transport should drastically reduce the problem.
Europe’s transport industry is moving towards electrification and demand for electric cars is growing. By supporting Northvolt's efforts to market the world's greenest electric car battery by 2020, the EU can help meet this demand.
With the help of the EU loan of EUR 52.5 million, Northvolt can produce the world's greenest car battery. The company will also make batteries for industry, energy storage and portable products.
Production will be sustainable, with a minimal carbon footprint. The Skellefteå factory will run on hydroelectricity and surplus heat will be stored and used in the local electricity network. Raw material in the batteries will come from reliable and safe sources.
Northvolt's aim is for the factory to deliver more than 400,000 car batteries a year from 2024. EU support will thus accelerate the transition from fossil fuels to renewable energy, as well as creating jobs and improving Europe's competitiveness in the field.
“Europe has a chance to become a leader in electromobility because it drives policy towards implementing a carbon free society harder than any other region,” says Northvolt CEO Peter Carlsson.