{"id":28247,"date":"2019-01-22T08:54:31","date_gmt":"2019-01-22T08:54:31","guid":{"rendered":"https:\/\/oradeo.com\/?p=28247"},"modified":"2019-01-22T08:54:31","modified_gmt":"2019-01-22T08:54:31","slug":"northvolt-starts-construction-on-first-phase-of-its-planned-battery-gigafactory","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2019\/01\/22\/northvolt-starts-construction-on-first-phase-of-its-planned-battery-gigafactory\/","title":{"rendered":"Northvolt starts construction on first phase of its planned battery gigafactory"},"content":{"rendered":"

Northvolt,\u00a0a company founded by\u00a0two\u00a0former Tesla executives who broke out on their own to build a battery gigafactory\u00a0in Europe, has been making a lot of moves and partnerships lately.<\/p>\n

Now, the duo has began construction on the\u00a0first phase of its planned battery gigafactory.<\/span><\/ins><\/ins><\/ins><\/p>\n

They are building\u00a0the \u2018Northvolt Labs\u2019 in Sweden.<\/p>\n

The location will serve as \u201ca research facility used to develop, test and industrialize lithium-ion battery cells before large-scale production.\u201d<\/p>\n

It will have a production capacity of 125 MWh per year, which they will then expand for the battery gigafactory.<\/p>\n

The factory is expected to start production in 2020 with a target capacity of 8 GWh per year and they will aim for 32 GWh of capacity once the entire factory will be completed in 2023.<\/p>\n

It would make it the biggest li-ion battery factory in Europe and comparable in size to the first phase of Tesla\u2019s Gigafactory 1 in Nevada. Peter Carlsson, Founder and CEO of\u00a0Northvolt, and\u00a0Paolo Cerruti, COO of Northvolt, both worked on the Gigafactory 1 project.<\/p>\n

Carlsson said about the announcement:<\/p>\n

\u201cWhen old technology is phased out and overtaken by electrification in the coming years, batteries are going to become the differentiating factor. With increasing technology differentiation and substantial growth of R&D efforts from sophisticated customers, especially in the transportation industry, our strategy with Northvolt Labs is to provide a facility for them to develop their own design, then test, industrialize and qualify it, before taking it to large-scale production.\u201d<\/p><\/blockquote>\n

The start of construction comes after\u00a0they\u2019ve secured a\u00a0$68 million loan from\u00a0InnovFin\u00a0\u2013 EU Finance for Innovators\u2019 Energy Demonstration Projects facility.<\/p>\n

Northvolt, a company founded by two former Tesla executives who broke out on their own to build a battery gigafactory in Europe, has been making a lot of moves and partnerships lately.<\/p>\n

Now, the duo has began construction on the first phase of its planned battery gigafactory.<\/p>\n

They are building the \u2018Northvolt Labs\u2019 in Sweden.<\/p>\n

The location will serve as \u201ca research facility used to develop, test and industrialize lithium-ion battery cells before large-scale production.\u201d<\/p>\n

It will have a production capacity of 125 MWh per year, which they will then expand for the battery gigafactory.<\/p>\n

The factory is expected to start production in 2020 with a target capacity of 8 GWh per year and they will aim for 32 GWh of capacity once the entire factory will be completed in 2023.<\/p>\n

It would make it the biggest li-ion battery factory in Europe and comparable in size to the first phase of Tesla\u2019s Gigafactory 1 in Nevada. Peter Carlsson, Founder and CEO of Northvolt, and Paolo Cerruti, COO of Northvolt, both worked on the Gigafactory 1 project.<\/p>\n

Carlsson said about the announcement:<\/p>\n

\u201cWhen old technology is phased out and overtaken by electrification in the coming years, batteries are going to become the differentiating factor. With increasing technology differentiation and substantial growth of R&D efforts from sophisticated customers, especially in the transportation industry, our strategy with Northvolt Labs is to provide a facility for them to develop their own design, then test, industrialize and qualify it, before taking it to large-scale production.\u201d<\/p>\n

The start of construction comes after they\u2019ve secured a $68 million loan from InnovFin \u2013 EU Finance for Innovators\u2019 Energy Demonstration Projects facility.<\/p>\n

The start of construction comes after\u00a0they\u2019ve secured a\u00a0$68 million loan from\u00a0InnovFin\u00a0\u2013 EU Finance for Innovators\u2019 Energy Demonstration Projects facility.<\/p>\n

In a press release today, they listed their milestones for their battery production project:<\/strong><\/p>\n