ZURICH (Switzerland): Northvolt is building Europe’s largest and most advanced lithium-ion battery factory in Sweden. The factory will supply automotive and key industries with high quality and customizable battery solutions.
The factory is expected to start production in 2020.
ABB and Northvolt have signed a Memorandum of Understanding for a wide-ranging supply and technology partnership, including products and services for lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities.
ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment.
Supported by ABB’s industrial automation expertise, integrating robotics, machine and factory automation, electrification and ABB Ability, ABB’s unified, cross-industry digital offering, into one overall solution, statement said.
ABB CEO Ulrich Spiesshofer says, “This uniquely integrated factory would be a true showcase for ABB’s leadership in industrial automation and smart electrification and would help to meet the ever-increasing demand for smarter, greener storage solutions.”
The Energy Revolution has spurred the use of renewable energy sources and lowered the reliance on fossil fuels. Electrification and storage are the keys to a carbon neutral society. The shift to e-mobility alone will drive the need for batteries to new heights. The ability to store energy is also crucial to free the world’s energy generation and distribution from fossil fuels in a phased manner.
Peter Carlsson, CEO of Northvolt says, “The world is moving quickly towards electrification. We want to enable this transition by building the largest, cutting-edge lithium-ion battery factory on the European continent and producing the world’s greenest batteries.”