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Northvolt Ett Expansion – Large Scale Battery Plant


This project concerns the financing of the expansion of the Northvolt Ett Gigafactory for the manufacturing of advanced lithium-ion cells in Skellefteå in northern Sweden.

InvestEU operation amount EUR 200 million
Sector Manufacture of batteries and accumulators
Policy window Sustainable Infrastructure (SIW)
Approval by the Investment Committee 27 April 2023

Links and documents

27 FEBRUARY 2024
Conclusions – Northvolt Ett Expansion – Large Scale Battery Plant
27 FEBRUARY 2024
Scoreboard - Northvolt Ett Expansion – Large Scale Battery Plant
7 MARCH 2024
EIB and NIB to provide €371 million with InvestEU backing for H2 Green Steel's large-scale production of green steel with minimal carbon footprint

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Policy window
  • Sustainable Infrastructure (SIW)
Eligible areas
  • Energy
Implementing partner
  • EIB