Source: Chemical Engineering

Northvolt: Northvolt receives funding for world-scale LIB recycling, capacity expansion

Northvolt AB (Stockholm, Sweden) announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, enabling the company to make further investments in expanding its production and recycling capacity for litihum-ion batteries (LIBs) as well as R&D activities to support the target of establishing 150 [...]The post Northvolt receives funding for world-scale LIB recycling, capacity expansion appeared first on Chemical Engineering.

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Peter Carlsson's photo - Co-Founder & CEO of Northvolt

Co-Founder & CEO

Peter Carlsson

CEO Approval Rating

90/100

Northvolt is a manufacturer and supplier of lithium-ion batteries for electronic, renewable energy and automobile markets. Read more