Sweden, Northvolt to open new 100 GWh Gigafactory in 2024

Northvolt has announced the intention to open new 100 kWh Gigafactory in Sweden by 2024. The Swedish company wants to turn a closed paper mill located within the industrial area in Borlänge into one of the main Gigafactories in the whole Europe. According to the plans shared so far, the new plant is expected to employ up to 1,000 people, utilizing 100 percent clean energy from the surrounding region.

Northvolt: the greenest possible Gigafactory

Northvolt will develop the site into a manufacturing plant for active material and battery cells, reusing and refurbishing much of the existing facilities and site infrastructure. Fully built out, the site is expected to have a potential annual production capacity of more than 100 GWh of cathode material, which will enable cell assembly at multiple Northvolt facilities. The site will also feature cell production. At the end of last year, Northvolt inaugurated lithium-ion battery production plant in Northern Sweden. The company has also established some valuable partnerships with global vehicle manufacturers, such as Volvo and Volkswagen, just to mention a couple of them.

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Together with Stora Enso, Northvolt has announced the signing of a letter of intent on a purchase of the Kvarnsveden Mill and the surrounding industrial area. Founded in 1900, the mill produced pulp and paper for over 120 years until its closure in 2021, laying off over 400 people. The agreement is the result of a strong commitment by Stora Enso to find the best long-term solution for its former employees and the city of Borlänge.

The cooperation with Stora Enso

«Sustainability is the main priority for Stora Enso and has to be addressed also in difficult times. Hence, a key focus since our decision to close the site has been to find a new owner that, to the benefit of the local society, can continue Stora Enso’s long and sustainable-driven legacy at Kvarnsveden. Like Stora Enso, Northvolt delivers modern and innovative solutions that contribute to a climate-friendly future. Through this agreement, Kvarnsveden will become a foundation for continued growth, both for Northvolt and the city of Borlänge», stated Per Lyrvall, Sweden country manager at Stora Enso.

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Peter Carlsson, Co-Founder and CEO of Northvolt, commented: «Since Northvolt’s founding, we have focused on circular battery production, but this is the first time we will reuse an entire production site. With its access to energy, industrial water and the broad production know-how in the region, Kvarnsveden is an optimal site for a gigafactory. We are thrilled to be able to open a new chapter in Borlänge’s history as a global industrial hub».