Lyten strengthens Europe’s EV battery supply chain by acquiring the Revolt recycling plant in Sweden, boosting sustainable battery production and reducing reliance on mined minerals.
Lyten completes acquisition of Northvolt Ett and Labs in Sweden, securing 16 GWh capacity and launching a new industrial hub powered by clean hydro energy.
The US-based lithium-sulfur batteries developer Lyten has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany.
The US-based lithium-sulfur batteries developer Lyten has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million.
Lyten announced the acquisition of Northvolt’s Dwa ESS operations in Gdansk, Poland, a 25,000 square meter (270,000 sq ft) battery energy storage systems (BESS) manufacturing and R&D facility.
