Northvolt Six is investing in a battery manufacturing plant in Canada.
“Since we based Northvolt seven years in the past, now we have pursued one objective: to determine a brand new sustainable mannequin for battery manufacturing. At present, we’re increasing Northvolt’s ambitions in Canada,” mentioned CEO and co-founder of Northvolt Peter Carlsson.
Northvolt’s new battery plant can be situated in Saint-Basile-le-Grand and McMastrville, a suburb in Quebec, Canada. It will likely be a totally built-in facility, manufacturing cathode lively materials on-site, produce batteries, and recycle cells.
The Northvolt facility will deal with producing lithium-ion battery cells. The corporate goals to have an annual cell manufacturing capability of 60 GWh. For the primary part of the undertaking, Northvolt targets reaching as much as 30 GWh of capability. Development on the power’s first part will start by the top of 2023. The primary battery cells produced on the Quebec manufacturing facility are anticipated to be delivered by 2026.
Northvolt’s new battery manufacturing facility in North America will obtain monetary help from Canada and Quebec’s governments. The undertaking’s first part would require a complete funding of USD$5 billion.
“The potential of Northvolt Six is gigantic, not solely to quickly develop our capability to ship sustainable batteries to the North American market but additionally to speed up the emergence of Quebec as a key participant within the international power transition.
“With its distinctive entry to 100% renewable power and uncooked supplies, we contemplate Quebec to be the perfect base of operations for Northvolt’s first gigafactory outdoors of Europe. We stay up for collaborating with all native stakeholders and the province to make Northvolt Six an instance of sustainable funding,” said North-volt co-founder Paolo Cerruti.
Cerruti will lead the undertaking in Canada. He would be the CEO of Northvolt in North America.
The ability in Canada would be the Sweden-based firm’s first manufacturing facility outdoors Europe. Northvolt has been steadily increasing its attain in Europe. In December 2021, it constructed its first lithium battery cell, and by mid-2022, it introduced a €4 billion battery manufacturing facility in Germany. In July 2022, Northvolt partnered with Volkswagen, Volvo, Fluence Vitality, and Scania Vehicles to increase its manufacturing facility.
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