August 18, 2022
Swedish inexperienced battery maker Northvolt has decided on the northern German town of Heide within

Swedish inexperienced battery maker Northvolt has decided on the northern German town of Heide within the regional state of Schleswig-Holstein for a brand new 60 gigawatt plant. “Northvolt Drei” would be the corporate’s 3rd manufacturing facility of this dimension and the primary out of doors Sweden. It’s going to price some EUR 4 billion.

“In Heide, we truly discovered a place the place lets mix all our necessities: attracting ability and feeling the strengthen for our aspiration of creating the arena’s greenest batteries,” mentioned Northvolt CEO Peter Carlsson on the press convention, formally pronouncing the verdict. “With the power combine in Schleswig-Holstein, with the offshore wind coming in, but additionally with the linkage to Denmark and Norway within the power feed, we noticed that that is most likely the most productive spot for us in Germany to construct this set-up.”

“We welcome Northvolt’s determination to come back to Heide, which provides the corporate now not handiest proximity to Europe’s greatest car marketplace but additionally get right of entry to to Germany’s extremely professional paintings drive as neatly,” says Germany Industry & Make investments (GTAI) CEO Robert Hermann. “Northvolt is a brilliant addition to the rising battery manufacturing panorama right here within the center of Europe.”

Germany is through a long way and away Europe’s main EV battery manufacturing location with 485 gigawatt hours of capability in current and deliberate amenities, consistent with industry newspaper Handelsblatt. Different main corporations that experience just lately constructed or deliberate amenities in Germany come with CATL, SVOLT, PSA Workforce and Tesla.

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Northvolt mentioned its determination in choose of Heide had additionally been influenced through its proximity to the city of Hamburg and the provision of “the gap required to ascertain a battery plant of enough dimension to leverage the economies of scale in manufacturing.”