Northvolt will invest $200 million in Poland to establish Europe's largest factory for energy storage solutions

19 February 2021, 10:02:19

Northvolt will invest $200 million in Poland to establish Europe's largest factory for energy storage solutionsNorthvolt announced it will invest $200 million in greenfield factory project tooled for assembly of cutting-edge, sustainable energy storage systems. The 50,000 sqm factory will be established in Gdańsk, Poland, in two stages, with an initial output of 5 GWh and an estimated start of production date in 2022 with a potential future capacity of 12 GWh. Including a new engineering R&D center of excellence to be set-up in conjunction with the new factory, the initiative will create 500 new jobs in the Gdańsk region.

The investment will facilitate a ramp-up in the manufacturing capacity of battery modules and systems in order to fulfill contracts that Northvolt has secured with customers seeking long-term, high-volume supply agreements for complete battery system solutions across grid and industrial markets. In delivering these battery solutions, Northvolt will be providing technical solutions required for ending industrial dependence on fossil fuels and unlocking the use of increasing amounts of renewable energy across society.

"Securing battery cell manufacturing capacity in Europe is key for its industrial future, but what is equally critical is the industrial capacity for integrating cells into real-world solutions. It is this that the new factory will deliver - sophisticated, sustainable energy storage systems to support the transformation of Europe's electricity grid and its industry,"  said Peter Carlsson, Co-Founder and CEO, Northvolt.

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Complete specifications of EVs, grouped according to their brand and year

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