Siemens Partners With Northvolt’s $5bn Battery Plant

Siemens has become the latest company to contribute to the Northvolt project to build Europe’s largest lithium-ion factory in northern Sweden.

The German engineering company has offered its digital enterprise technology to help build the factory, which will become Siemens’ preferred supplier for lithium ion batteries when production starts in 2020.

Northvolt, founded in 2016 to enable the European transition to renewable energy, has laid plans for a $4bn plant expected to start large-scale production by 2020. 

Northvolt, founded in 2016 to enable the European transition to renewable energy, has laid plans for a $4bn plant expected to start large-scale production by 2020.

Siemens also said it would invest €10m into the start-up. Northvolt had previously announced strategic and financing partnerships with ABB, Vestas, Scania, and the government-backed Swedish Energy Agency.

“It’s super important that Europe builds its own ecosystem for this energy transformation.” said Peter Carlsson, Northvolt founder and chief executive, who until 2015 was head of supply chain head for Tesla,” told the Financial Times in Munich. 

Carlsson noted that the batteries used in electric vehicles can weigh up to 600kg each. To import millions of them for the coming wave of electric car production in Europe would be ‘totally inefficient’ he said. 

When Northvolt’s plant is fully built by 2023,  it will be largest battery plant in Europe and produce 32 gigawatt hours worth of battery capacity each year – enough to supply 400,000 electric cars.

When Northvolt’s plant is fully built by 2023,  it will be largest battery plant in Europe and produce 32 gigawatt hours worth of battery capacity each year – enough to supply 400,000 electric cars.

Europe’s battery cell demand is projected to reach 200 gigawatt hours by 2025, a market worth an estimated 250 billion euros annually, according to previous comments from the European Commission.

“The European industry is moving rapidly towards electrification,” Carlsson said in a statement.

“With its world-class expertise within electrification, automation and digitalisation, Siemens will become an important technology partner, supplier and customer to Northvolt in this coming transition.”

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