U.S. corporation Lyten purchases Batteriewerke, a German battery manufacturer, from Northvolt
Lyten, a specialist in lithium-sulfur batteries and energy storage systems, has announced the acquisition of several Northvolt assets. This move is part of Lyten's strategic expansion plan, focusing on rapidly scaling manufacturing and market presence in both the US and Europe.
The acquisition includes Northvolt Dwa in Poland, Cuberg in California, and the BESS product and intellectual property portfolio from Northvolt. Lyten plans to immediately restart Northvolt Dwa in Poland to support the growing demand for its battery energy storage systems in more than 20 countries.
Lyten produces lithium-sulfur batteries in the Silicon Valley, used in various sectors such as drones, defense technology, and soon the International Space Station (ISS). The company's current expansion strategy aims to establish a leading role in the market for sustainable energy storage.
In addition to the Polish facility, Lyten is also advancing acquisitions of other Northvolt assets, including operations in California and ongoing interest in Northvolt’s Swedish and Canadian sites. This expansion bolsters Lyten's footprint and aligns with its lithium-sulfur battery technology integration in facilities originally built for lithium-ion.
The company has raised over $200 million from investors to support this acquisition-led expansion and organizational restructuring, emphasizing sector-focused battery development to meet immediate demand and enabling longer-term growth in mobility markets like space and automotive.
Lyten's international growth strategy also aims to establish battery manufacturing independence from Chinese supply chains. The company plans to leverage a combination of Northvolt's manufacturing assets, renewable energy, and the US battery materials supply chain to fulfill North American and European battery production needs.
The acquisition includes Northvolt Ett and Ett Expansion in Sweden, Northvolt Labs in Sweden, Northvolt Drei in Germany, and all remaining intellectual property from Northvolt. Lyten also shows concrete interest in Northvolt Six in Quebec, Canada, where a Phase-1 gigafactory with 15 GWh is being built.
Moreover, Lyten is in talks with the German federal government to continue the battery factory project for Northvolt Three in Heide, Schleswig-Holstein, with a planned capacity of 15 GWh. The company's plans for Skellefteå and Västerås, two Northvolt sites in Sweden, are also to be resumed immediately after the transaction is completed.
This acquisition and subsequent expansion are expected to accelerate Lyten's growth in Europe, as global demand for alternative battery technologies grows. With its focus on sustainable energy storage, Lyten is poised to play a significant role in the energy transition.
[1] The Verge
[2] Electrive
[3] Energy Storage News
[4] Reuters
[5] PV Magazine
- Despite its specialization in lithium-sulfur batteries, Lyten is also showing interest in diversifying its portfolio by potentially acquiring Northvolt's sports and technical innovation lab, Northvolt Labs, in Sweden.
- As Lyten expands its global footprint, it aims to integrate weather-resistant technologies into its battery energy storage systems, ensuring optimal performance under various climatic conditions, such as those found in sports facilities.
