European lithium-ion battery manufacturer Northvolt said a few days ago that the company has completed the construction of its energy storage system production plant in Poland, which is expected to be put into operation by the end of 2023.
Sweden-based Northvolt announced on LinkedIn on May 20 that it has completed the construction of the production plant, which it claims is Europe’s largest battery energy storage system production plant, which will produce its “Voltainer” brand battery storage. energy system.
Robert Chryc Gawrychowski, CEO of Northvolt Poland, said: “The plant is fully powered by renewable energy, which is in line with our company’s business model, which means that all plants in Poland, Sweden and Germany use only electricity from clean sources and Utilize recycled materials.”
The company aims for the plant to start production by the end of this year. When first announcing plans for the plant in late 2021, Northvolt said it would have an initial annual production capacity of 5GWh and an eventual capacity of 12GWh.
Construction of the plant was supported by 75 million euros ($81 million) in innovation funding from the European Union.
The gigafactory operated by Northvolt in Sweden aims to have an annual production capacity of 150GWh in 2030 and increase production from 2022. Northvolt’s plans to build a gigafactory in Germany may be delayed after chief executive Peter Carlsson said last year that high energy prices had impacted the project’s profitability.
Most of Northvolt’s future battery production will go to the electric vehicle (EV) sector, while Norway-based electricity maker Freyr has mostly struck deals with companies in the battery storage space. In April 2021, Northvolt cooperated with Fluence, the world’s largest system integrator, to jointly develop battery energy storage solutions.
Northvolt opened a battery recycling facility in Norway last year.
A recent report suggests that the European Commission is pushing hard to build lithium-ion battery production plants on the continent, but that tax credit incentives offered by the U.S. through its Inflation Cutting Act have pushed some battery makers into the U.S. market, leading to European Two-thirds of battery production plants are at risk of cancellation, delay or downsizing.
