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    The key to carbon-neutral

    Next-generation batteries have a pivotal role in the European Commission’s target of reducing carbon emissions by 55% by 2030. They will also help enhance energy independence—and energy security—for Europe. With help from the EIB, Northvolt first built a lithium-ion battery production demonstration line in Västerås. Now, again with EIB backing, the company is taking the next step with a bigger factory in Skellefteå, Northvolt Ett, which will employ upwards of 3,000 persons. The company aims to ramp up annual production capacity at Northvolt Ett to 60 gigawatt-hours, making green energy storage available across the European Union—in battery form.

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