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Lyten Acquires Northvolt Sweden Assets, Forms 16 GWh Battery & AI Industrial Hub
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.
Lyten to Acquire All Remaining Northvolt Assets in Sweden and Germany
The US-based lithium-sulfur batteries developer Lyten has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany.
Lyten Secures More than $200 Million in Investment to Fund Northvolt Deal
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 Acquires Battery Storage Systems Manufacturing Operation from Northvolt
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.
Scania buys Northvolt’s heavy industry battery packs unit
Scania today announced the acquisition of the Industrial Division of Northvolt Systems, including production capabilities, a research and development center, and a team of approximately 260 employees.
Northvolt files for bankruptcy in Sweden
Following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company, the Board of Directors of Northvolt AB today announced that it has filed for bankruptcy in Sweden.
Northvolt sells heavy industry battery-pack business to Scania
Northvolt Systems Industrial was established by Northvolt in 2018 and currently employs approximately 300 people in a battery systems prototyping facility located in Stockholm and Northvolt’s production facility in Gdańsk, Poland.
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