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Signature(s)

Amount
€ 52,500,000
Countries
Sector(s)
Sweden : € 52,500,000
Industry : € 52,500,000
Signature date(s)
27/04/2018 : € 52,500,000

Summary sheet

Release date
15 November 2017
Status
Reference
Signed | 27/04/2018
20170637
Project name
Promoter - financial intermediary
NORTHVOLT COMMERCIAL DEMONSTRATION LINE (EDP)
NORTHVOLT AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 52 million
EUR 105 million
Location
Sector(s)
Description
Objectives

The project consists of the construction and operation in Vasteras, Sweden, of an innovative first-of-its-kind demonstration plant for the manufacturing of advanced Lithium-ion cells for battery applications in transport, stationary storage and industrial and consumer applications.

The demonstration project aims at the creation of a sustainable, cost-competitive innovative cell and battery production industry in Europe and contributes to the security of supply in critical components (batteries) to the EU industry.

Environmental aspects
Procurement

The project will help create the conditions enabling the deployment of electro-mobility, facilitating the transformation of the automotive industry and, at same time, supporting the development of a more efficient and sustainable transport system in Europe. The project will therefore support EU climate action policy.

The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions.

Comments

Proposed EIB finance amount: EUR 52.5 million

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - NORTHVOLT COMMERCIAL DEMONSTRATION LINE (EDP)
Publication Date
9 Mar 2018
Document language
Main Topic
Lending
Document Number
79506708
Document Focus
Environmental Information
Project Number
20170637
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - NORTHVOLT COMMERCIAL DEMONSTRATION LINE (EDP) - Environmental Impact Assessment (Miljökonsekvensbeskrivning)
Publication Date
18 May 2018
Document language
Main Topic
Lending
Document Number
84281616
Document Focus
Environmental Information
Project Number
20170637
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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