The Swedish company Northvolt AB is pressing ahead with plans to open a factory producing batteries for use in the transport industry and for energy storage. In order to finance the project, Northvolt has secured the backing of industry partners such as the Volkswagen subsidiary Scania and the wind turbine manufacturer Vestas. At the end of April 2018, work officially began on the construction of Northvolt Labs, the first phase of the planned battery factory. Test production runs are expected to begin in 2019, followed by regular production in 2020. The aim is to increase output to 32 gigawatt hours within the space of three years.
The European Investment Bank (EIB) is providing 52.5 million euros of funding for the Northvolt project. Maroš Šefčovič, the Vice-President of the European Commission responsible for establishing a European Energy Union, is also supportive of the project: “Batteries are a strategic component of our competitiveness and to capture a new European market worth 250 billion euros annually as of 2025, we need to act fast. I therefore welcome the decision taken by the EIB ... The EU Battery Alliance will continue supporting partnerships throughout the value chain.”
Visitors to ees Europe, the leading international exhibition for storage technology, which is taking place at Messe München from June 20–22, can gain insights into the latest research and development work in the fields of machines, manufacturing and automation technology and battery materials at the Battery Production Forum and at the Battery Production Technologies shared booth in hall C1.
Exhibitors of ees Europe 2018
eesEurope Conference: Battery Production Sessions | Tuesday June 19, 2018
ees Europe Conference: Battery Production Sessions | Wednesday June 20, 2018
ees exhibition forums | Wednesday June 20, 2018 (Hall C1)
ees exhibition forums | Thursday June 21, 2018 (Hall C1)
ees exhibition forums | Friday June 22, 2018 (Hall C1)
Photo: Akasol GmbH