Northvolt to set up third gigafactory in Germany
Swedish battery manufacturer Northvolt has announced its third gigafactory will be established in Germany’s clean energy valley, to start production in 2025.
Powered by the cleanest electricity grid in Germany, Northvolt Drei is positioned to produce the cleanest batteries in continental Europe. Located in Heide, Schleswig-Holstein, in northern Germany, Northvolt Drei, with an annual potential production capacity of 60 GWh, will deliver a supply of sustainably produced lithium-ion batteries to the European market, sufficient for some one million electric vehicles.
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Northvolt Drei is expected to employ 3,000 persons and produce its first batteries in late 2025, increasing Northvolt’s pipeline of battery manufacturing capacity under development to over 170 GWh.
”We’re excited to announce Northvolt Drei – a project which fits well into a promising future cluster of clean technology ventures emerging in northern Germany and advances the wider European transition towards a sustainable society within which Germany plays a crucial role,” said Peter Carlsson, Co-Founder and CEO of Northvolt, in a press release.
The selection of Heide, Schleswig-Holstein, is – according to Northvolt – key to the fulfilment of this objective. The region is said to host "the cleanest energy grid in Germany", one which is characterised by a surplus of electricity generated by onshore and offshore wind power and reinforced by clean energy provided through grid interconnections to Denmark and Norway.
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In addition to being centrally positioned in the emerging European battery supply chain connecting Scandinavia and continental Europe, the region also provides the space required to establish a battery plant of adequate size to leverage the economies of scale in production.
Alongside battery production, The company says that the new German Gigafactory will target an on-site battery recycling plant.
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