Northvolt reviewing plans for new Swedish gigafactory

OSLO : Swedish lithium-ion battery producer Northvolt is reviewing plans to attract a brand unique plant in Borlange in central Sweden however has no longer reached any selections, it stated on Wednesday, after a newspaper reported it develop to be once cancelling the project.

The grunt by Swedish trade every single day Dagens Industri cited a municipal reputable.

Northvolt stated in a observation it develop to be once conducting a strategic review of the positioning and talking to several parties, including the municipality.

“On the different hand, that dialogue is level-headed ongoing, so we can return with additional feedback when a name has been made,” a spokesperson stated.

“We’re at divulge accomplishing ample-scale expansions in both Sweden, Germany and Canada in preserving with the search data from of our customers and merchants,” he stated.

Northvolt stated in 2022 it had agreed to aquire an extinct paper mill in Borlange and would flip it actual into a brand unique gigafactory with a doable annual production capability of over 100 gigawatt-hours (GWh) of cathode field subject and make employ of up to 1,000 of us.

The firm at the time stated the plant would play a key role in gratifying over $50 billion in orders from key customers, and begin the first portion of its operations in unimaginative 2024.

The firm has one battery plant in operation in northern Sweden, but one more beneath construction in Germany, and shall be planning a plant in Canada.