Lyten completes acquisition of former Northvolt battery assets in Sweden
The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery research and development center in Europe.
U.S.-based company Lyten announces it has completed the acquisition of Northvolt’s battery assets in Sweden. In particular, Lyten has acquired Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden), after the bankruptcy declared by the European battery maker.
More into details, the Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery research and development center in Europe.
Lyten additionally announced the formation of the Lyten Industrial Hub, located in Skellefteå, at the Northvolt Ett site. The industrial hub will utilize the infrastructure built by Northvolt and access to abundant, clean hydro power to co-locate battery manufacturing with AI data centers and complimentary industrial operations of strategic importance to Sweden and the European Union.
Lyten’s involvement into former Northvolt premises
In addition, Lyten plans to immediately begin the restart process for Northvolt Ett and Northvolt Labs. Ett will produce lithium-ion NMC batteries serving a broadened segment of customers, including battery energy storage systems (BESS), automotive and diverse mobility markets. Lyten expects commercial sales of cells from Northvolt Ett to supply Lyten’s BESS manufacturing facility in Poland, Northvolt Dwa, in the second half of 2026. On the other hand, Northvolt Labs in Västerås will continue development of long-life lithium ion NMC cells and will collaborate with the Lyten Silicon Valley team to industrialize Lyten’s lithium-sulfur battery technology for gigascale manufacturing.
As for the employment, Lyten has been working closely with the local Unions and will be launching a rehiring program at both Skellefteå and Västerås. Based on expected customer demand, Lyten plans to hire more than 600 additional employees over the next 12 months.
Statements from the company
“With this acquisition, Lyten now operates one of the largest battery manufacturing campuses in Europe and the largest battery R&D center in Europe. We have the infrastructure, talent, and technology to build a thriving battery ecosystem across North America and Europe, supported by local supply chains and local talent, to deliver on the rapidly growing global need for distributed electricity infrastructure”, said Dan Cook, Lyten CEO and Co-Founder.
“As the transaction has now closed, we are excited to restart production and initiate the ramp-up in Sweden one production line at a time. In Skellefteå we have proven that we are able to produce consistent, high-quality battery cells that meet customer needs right now. The research and development work in Västerås will be a cornerstone in our ambition to respond to future market demand with both high performance NMC and next generation lithium-sulfur batteries”, added Matthias Arleth, CEO of Lyten Sweden.
