Northern Lights

The operation will be a participation in the financing of the Northvolt battery plant expansion. The purpose of the investment is to increase the manufacturing capacity of the plant from the initial 16GWh to 60GWh with the addition of three new blocks, which altogether involve one upstream facility, three downstream facilities, three formation and aging facilities, and other supporting facilities. The scope of the investment will also include the construction of a new 4GWh battery recycling facility, Revolt Ett ("RV1"). The investment in RV1 will further reduce the dependence on raw material supply chains, enable cost savings, and unlock CO2 footprint reduction. The planned mechanical and IP-protected hydro-mechanical processes are estimated to lead to up to 95% recovery of Lithium, Nickel, Cobalt and Manganese.

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