Northvolt
Northvolt, founded in 2017 in Stockholm, Sweden, focuses on producing the world's greenest battery cell to support sustainable energy solutions, with a significant reduction in carbon footprint and a diverse team from over 120 nationalities.
Company Overview
Northvolt, founded in 2017, is committed to the mission of enabling the future of energy by developing the world's greenest battery cell. The company aims to establish a European supply of batteries with a significantly lower carbon footprint. Northvolt's innovative approach focuses on sustainability and renewable energy.
Clean Energy Commitment
Northvolt is dedicated to delivering batteries with a 90% lower carbon footprint compared to those produced using coal energy. The company's factories are powered by clean, renewable energy, underscoring its commitment to sustainability. This approach is central to Northvolt's mission and operations.
Innovative Battery Solutions
Northvolt develops state-of-the-art battery solutions, including a sodium-ion battery validated at 160 Wh/kg. The company targets a lithium-ion cell installed capacity of 150 GWh by 2030. These innovations aim to address the diverse needs across various sectors such as automotive, construction, industrial, and energy storage.
Strategic Partnerships
Northvolt collaborates with major industry players to advance its mission. Partners include Volvo, BMW Group, Epiroc, Scania, and Volkswagen. These strategic partnerships enable Northvolt to expand its reach and impact within the energy and automotive sectors.
Diverse Team and Expansion
Northvolt boasts a diverse, interdisciplinary team of over 5500 individuals from more than 120 nationalities. The company has raised $5 billion to facilitate the expansion of the first circular gigafactory in the western world, highlighting its growth trajectory and commitment to innovation.