About Northvolt
Northvolt: Pioneering Sustainable Energy Solutions
In today's world, the need for sustainable energy solutions has become more pressing than ever before. With climate change and environmental degradation posing a significant threat to our planet, it is essential that we take steps towards a decarbonized future. Northvolt is one such company that is leading the way in this regard by providing sustainable li-ion cells and systems.
Founded in 2016 by Peter Carlsson and Paolo Cerruti, Northvolt aims to accelerate the transition to a decarbonized future by building Europe's largest battery factory. The company's mission is to enable the European transition to renewable energy by providing high-quality, sustainable batteries that are both cost-effective and environmentally friendly.
Northvolt's state-of-the-art battery factory is located in Skellefteå, Sweden. The facility spans over 400,000 square meters and will have an annual production capacity of up to 32 GWh once fully operational. This makes it one of the largest battery factories in Europe and puts Northvolt at the forefront of sustainable energy solutions.
The company's focus on sustainability extends beyond just its products; it also takes into account its entire supply chain. Northvolt sources raw materials from ethical suppliers who adhere to strict environmental standards. It also ensures that its manufacturing processes are as eco-friendly as possible by using renewable energy sources such as wind power.
One of Northvolt's key strengths lies in its team of experts who bring together decades of experience from some of the world's leading companies such as Tesla, Panasonic, BMW, and Google. This expertise enables them to develop cutting-edge technology that meets the highest standards for safety, performance, and sustainability.
Northvolt offers a range of products including li-ion cells for electric vehicles (EVs), stationary storage systems for homes or businesses (ESS), industrial applications like grid stabilization or backup power supply (UPS), among others.
The company has already secured several high-profile partnerships with major players in various industries such as Volkswagen Group which invested €900 million ($1 billion) into NorthVolt last year making them one of their biggest shareholders alongside Goldman Sachs Merchant Banking Division which invested $350 million earlier this year.
In addition to these partnerships with industry giants like Volkswagen Group or Goldman Sachs Merchant Banking Division , NorthVolt has also received support from governments across Europe including Sweden where they received SEK 2 billion ($230 million) loan guarantee from Swedish Export Credit Corporation (SEK).
Overall, NorthVolt represents an exciting opportunity for those looking towards a more sustainable future powered by clean energy solutions like lithium-ion batteries produced sustainably at scale without compromising on quality or performance while ensuring ethical sourcing practices throughout their supply chain - all factors contributing towards making them stand out amongst other competitors within this space!
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