Northvolt completes work on Europe’s largest energy storage factory

Northvolt’s rendering of the Gdansk plant
Swedish battery maker Northvolt has completed work on Europe’s largest factory for energy storage solutions.

The 50,000 sq m Northvolt Dwa plant, located in the port of Gdansk in Poland, will begin operations by the end of the year, after the factory is officially opened.

Robert Chryc-Gawrychowski, the chief executive of Northvolt Poland, said it would be powered solely by electricity from renewable sources.

In July last year, Northvolt said it had raised $1.1bn in finance to back its drive to expand battery cell and cathode material production in Europe. It said the investment agreements meant it had secured almost $8bn in equity and debt since 2017.

This latest factory had an investment value of $200m and will have an initial annual output of 5GWh, later rising to 12GWh if a second stage goes ahead.

Orders for the plant’s output are expected to reach $55bn, and to come from carmakers such as BMW, Fluence, Scania, Volvo and Volkswagen.

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