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Sweden to become one of the leading electrification clusters

The first step towards Northvolt’s new test facility for lithium-ion battery production is taken today as an official ceremony is held to mark the start of construction. The facility will be built in the town of Västerås, around 100 km west of Stockholm, home to several multinational companies with world class engineering and R&D competence in electrification and process optimisation.

Sweden to become one of the leading electrification clusters

Northvolt’s test facility will serve as a global research centre for energy storage solutions and is expected to employ 300-400 people at full operational capacity.

“Sweden has a unique position to establish large-scale battery production and support Europe’s transition to renewables with its clean and affordable energy, proximity to raw materials, and a strong industrial tradition deep in its DNA,” says Jesper Wigardt, Communications and Public Affairs Director at Northvolt.

Northvolt’s test facility in Västerås will support the company’s plans to establish a EUR 3.8 billion lithium-ion battery factory further north in Skellefteå, to be opened in 2020.

“Business Sweden has provided key support to Northvolt from the start, even before the company was known as Northvolt. They have supported us around the site selection process with advice, contacts and active participation in the evaluation process, as well as identifying potential suppliers,” says Carl-Erik Lagercrantz, Chairman, Northvolt.

“This is a fantastic opportunity for Sweden to enable the drive toward a carbon free future. It will strengthen Sweden’s cluster for energy-related R&D in Västerås, complementing the already strong position with Northvolt´s cutting edge lithium-ion battery technology,” says Sten Engström, Senior Investment Advisor, Automotive, Business Sweden.

About Business Sweden

Business Sweden’s purpose is to help Swedish companies grow global sales and international companies invest and expand in Sweden. For Swedish companies, we provide strategic advice, sales execution and operational support to help them grow global sales. They can trust us to shorten time to market, find new revenue streams and minimize risk. We have achieved our expertise by being present in 50 of the world’s most promising markets for over 40 years, at the scene, helping to close the deal. For international companies we ensure that they can rely on our knowledge, experience and extensive network to identify new business opportunities, accelerated return on investment and give a neutral and trustworthy backing. Once they are settled in Sweden, we make sure they are equipped for a successful long-term presence. Business Sweden is owned by the Swedish Government and the industry, a partnership that provides access to contacts and networks at all levels

About Northvolt

Electrification and renewable energy storage are the keys to a carbon neutral society. Batteries will enable the transition. The auto industry alone will need batteries in huge numbers to replace fossil fuels with electricity. The ability to store energy is also crucial to free the world’s energy generation

27 April 2018