gigafactory

Morrow Batteries inaugurates new facility in Norway, boosting European battery industry

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Last Friday, Morrow Batteries officially inaugurated the first giga-scale LFP (Lithium Iron Phosphate) cell manufacturing site in Europe. Located in Arendal, Southern Norway, the factory has already begun test production and will have a capacity of 1GWh of LFP cells once fully operational. The inauguration of Morrow Batteries’ facility is a significant development for the […]

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BASQUEVOLT, the Basque initiative for production of solid-state batteries, is launched with the aim of producing 10GWh by 2027

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BASQUEVOLT, the Basque solid-state battery initiative, will begin production of battery cells in 2027 with the aim of reaching a capacity of 10GWh. This is one of the main objectives set out in the BASQUEVOLT’s articles of association, in which the Basque Government, Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy, and CIC energiGUNE all feature as

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Sweden celebrates the 5th anniversary of the EBA with establishment of a second gigafactory

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At the launch of the European Battery Alliance (EBA) in 2017 there was virtually no cell production capacity in Europe. And Northvolt’s endeavour to build a battery manufacturing plant was seen with a lot of scepticism. Today, Europe’s green industrial revolution is a fact. The EBA has in just 5 years turned Europe into a

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French company Verkor chooses Dunkirk to build its first Gigafactory

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French startup Verkor has announced the selection of Dunkirk (Hauts de France) for the construction of its first Gigafactory that will produce low-carbon battery cells designed to support Europe’s net-zero goals. The announcement marks a significant milestone for Verkor, founded in 2020, and for the European battery industry at large. Dunkirk has proven to be

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Verkor raises €100m to develop high-performance sustainable battery cells in France

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Co-led by EQT Ventures and Renault Group, the fundraise allows Verkor to break ground on an advanced R&D facility and pilot line for high-performance battery cells and intelligent manufacturing – a leap forward in its roadmap to 50 GWh battery production capacity by 2030. Less than a year after its launch, the French industrial company

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Volvo Car Group and Northvolt team up to develop and produce batteries

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Volvo Car Group announces its intention to establish a joint venture with the Swedish battery manufacturer Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars. [Press release] As a first step for the 50/50 joint venture, Volvo Car Group and Northvolt aim to

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Verkor, Europe’s new battery cell producer, begins its industrial journey

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Verkor, a French industrial company, is set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and the GROUPE IDEC. The new venture will accelerate the production capacity of low-carbon batteries in southern Europe to meet growing demand for electric vehicles and stationary storage. Production in Verkor’s first Gigafactory

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Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

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The establishment of a complete domestic battery value chain in Europe is well on its way. Volkswagen Group and Goldman Sachs Merchant Banking lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. Combining this with the debt financing already set to be provided to the Swedish

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