U.S. Startup Scoops Up Bankrupt Northvolt’s $5B European Gigafactory Assets ...Middle East

OILPRICE - Economy
U.S. Startup Scoops Up Bankrupt Northvolt’s $5B European Gigafactory Assets
California-based Lyten has signed a binding agreement to acquire nearly all remaining assets of failed European battery firm Northvolt, including its Swedish and German gigafactories and all remaining intellectual property. In the deal, announced on Thursday, the company confirmed it would take over Northvolt Ett, Northvolt Labs, and Northvolt Drei, including projects developed with more than $5 billion in capital investment. According to Energy-Storage.news, the assets include 16GWh of operational lithium-ion capacity at Ett, with an additional…

Hence then, the article about u s startup scoops up bankrupt northvolt s 5b european gigafactory assets was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( U.S. Startup Scoops Up Bankrupt Northvolt’s $5B European Gigafactory Assets )

Apple Storegoogle play

Last updated :

Also on site :