May 17, 2019
Northvolt could secure a 350M euro loan from the European Investment Bank
The European Investment Bank (EIB) announces in-principle loan agreement to the Swedish start-up Northvolt.
Founded in 2016, Northvolt is expected to receive a loan of 350 million euro – EIB’s largest ever direct financing of battery technology. This financing will support the construction of its large-scale lithium-ion battery cells manufacturing plant in Skellefteå, Sweden. A significant milestone towards building a competitive, sustainable and innovative battery value chain, with battery cells manufactured at scale in Europe.
Read EIB’s press release.
More EBA250 news
Altris, a pioneering Swedish developer of sodium-ion battery technology, has reached significant milestones that…
Last Friday, Morrow Batteries officially inaugurated the first giga-scale LFP (Lithium Iron Phosphate) cell…
On May 24, 2024, the 8th High-Level Meeting of the European Battery Alliance (EBA)…
Following the recent announcement from EVP Šefčovič on the need to support manufacturing of…
Under the framework of the European Battery Alliance, the ‘One-Stop-Shop to EU Finance’ service…
In an era where the green transition is no longer a choice but a…
CIRPASS invites the EBA community to contribute to a consultation on the Cross-sector and…
EBA250 welcomes the release of a Strategic Research and Innovation Agenda for the EU…
Today marks the launch of Repono, a pan-European company focused on owning and operating…
18 January 2024, Davos: EIT InnoEnergy, the innovation engine for sustainable energy supported by…