Northvolt

Producing the greenest batteries in the world.
Website
The problem

Lithium-ion battery production is critical for electric vehicles and renewable energy storage, but it can be energy-intensive and rely on unethically sourced materials. Lithium extraction can use significant amounts of water and potentially contaminate local water sources. Additionally, some mining practices for battery materials have been linked to human rights abuses. The ugly cherry on top: fossil fuels. We need to curb them.

Location

Sweden

The solution

Northvolt is working towards a more sustainable battery production process. They use renewable energy sources to power their facilities and are developing methods to recycle batteries efficiently. They are committed to responsible sourcing of materials and have partnered with organisations to ensure ethical practices throughout the supply chain.

Investment year

2020

Producing the greenest batteries in the world.
Website
Sector

Electrification

Investment stage

exited

Producing the greenest batteries in the world.
Website
Sector
Electrification
Location
Sweden
Investment stage
exited
Investment year
2020
The problem

Lithium-ion battery production is critical for electric vehicles and renewable energy storage, but it can be energy-intensive and rely on unethically sourced materials. Lithium extraction can use significant amounts of water and potentially contaminate local water sources. Additionally, some mining practices for battery materials have been linked to human rights abuses. The ugly cherry on top: fossil fuels. We need to curb them.

The solution

Northvolt is working towards a more sustainable battery production process. They use renewable energy sources to power their facilities and are developing methods to recycle batteries efficiently. They are committed to responsible sourcing of materials and have partnered with organisations to ensure ethical practices throughout the supply chain.

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