U.S. battery technology company Lyten is taking another major step toward building a circular battery supply chain in Europe. The company has signed a binding agreement to acquire Revolt, the former battery recycling facility operated by Northvolt in Skellefteå.
The deal follows Lyten’s recent acquisition of the Northvolt Ett and Northvolt Labs, which closed on February 27, 2026. Financial terms of the Revolt agreement have not been disclosed.
One of Europe’s Largest Battery Recycling Facilities
Revolt is considered one of Europe’s most advanced and fully integrated battery recycling plants. The facility currently has an installed recycling capacity of 8,500 tonnes per year, with infrastructure in place to scale further as demand grows.
The plant focuses on recovering valuable materials from used batteries, including lithium, cobalt, nickel and manganese.
Importantly, the site operates using 100% fossil-free energy, aligning with Europe’s push to decarbonize the electric vehicle supply chain.
Its location directly next to Lyten’s newly acquired gigafactory in Skellefteå creates a powerful opportunity to integrate battery production with recycling operations.
Supporting Europe’s Battery Supply Chain Independence
According to Lyten CEO and co-founder Dan Cook, the acquisition plays a critical role in strengthening Europe’s domestic battery ecosystem.
Cook said the recycling plant will help reduce dependence on newly mined materials while supporting the company’s long-term sustainability goals.
“The Revolt recycling plant is an important piece in enabling Europe’s battery supply chain independence and supports Lyten’s goal of reducing mined mineral content in our batteries,” Cook noted.
Lyten is now working to identify the right partners to restart and expand recycling operations at what it calls the Lyten Industrial Hub in Skellefteå.
Building the Lyten Industrial Hub
The Revolt deal is part of a broader strategy to transform the former Northvolt facilities into a large-scale energy and technology ecosystem.
Since completing its acquisition of Northvolt’s Swedish assets earlier this year, Lyten has begun restarting lithium-ion battery manufacturing at the site.
The company has also signed an agreement with EdgeConneX to acquire a nearby data center site. The location has the potential to scale up to 1 gigawatt of data center capacity, which could make it one of the largest data center developments in Europe.
Funding and Timeline
Lyten confirmed that the acquisition will be fully funded through equity investment in the company. The deal is currently moving through regulatory and legal approval processes in Sweden.
If approvals proceed as expected, Lyten anticipates closing the transaction in the second quarter of 2026.
By integrating battery production, recycling, and large-scale digital infrastructure at a single location, Lyten aims to create a self-reinforcing clean technology hub that supports the rapid expansion of electric vehicles and sustainable energy systems across Europe.
