Lyten Acquires Northvolt’s Assets in Sweden, Poland, and Germany

27 Feb Lyten Acquires Northvolt’s Assets in Sweden, Poland, and Germany

(Oilandgaspress) – Lyten, a global leader in lithium-sulfur batteries and energy storage, announced today that it has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden).  The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery research and development center in Europe.

Lyten additionally announced the formation of the Lyten Industrial Hub, located in Skellefteå, at the Northvolt Ett site. The industrial hub will utilize the infrastructure built by Northvolt and access to abundant, clean hydro power to co-locate battery manufacturing with AI data centers and complimentary industrial operations of strategic importance to Sweden and the European Union. Lyten plans to utilize its batteries and energy storage systems as part of the industrial hub’s infrastructure.

EdgeConneX, a leading global developer of data centers and a portfolio company of EQT, plans to acquire a data center site from Lyten in Skellefteå. The site has potential to scale to a one gigawatt data center campus, which would be one of the largest data center facilities in Europe.

The assets being acquired include:

16 GWh of operational battery manufacturing capacity
15 GWh of capacity under construction
Infrastructure to scale to more than 100 GWh over time
Europe’s largest and most advanced battery R&D facility
Europe’s largest and most advanced BESS manufacturing facility (6 GWh)
All remaining Northvolt IP
Negotiated long-term, low-cost clean energy agreements in each gigafactory location
Lyten intends to restart operations in all facilities utilizing Northvolt’s existing lithium-ion NMC technology and plans to add Lyten’s lithium-sulfur batteries to the product portfolio in each location over time.

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