US-based company Lyten purchases Batteriewerke, a battery manufacturer based in Germany, named Northvolt.
In a significant move for the global alternative battery market, U.S. company Lyten has acquired Northvolt's battery sites in Sweden and Germany, marking a major step towards Lyten's aim of becoming the leading provider of clean, locally produced batteries in both North America and Europe.
The acquisition, which includes Northvolt's battery production plant Cuberg in California and the BESS product and IP portfolio from Northvolt, is expected to accelerate Lyten's expansion in Europe by several years. The deal also includes all remaining intellectual property from Northvolt.
Lyten plans to immediately resume operations at Northvolt Dwa in Poland after the transaction is completed, to support the rapidly growing demand for Lyten's battery energy storage systems (BESS) in more than 20 countries. The company also aims to rehire former Northvolt staff at the Swedish sites (Skellefteå and Västerås) and the German site (Heide).
The Swedish battery manufacturer, Northvolt, has reached a binding agreement to sell its European battery sites to Lyten. Constructive discussions are ongoing with Northvolt's former anchor customers regarding operations in Skellefteå (Ett) and Västerås (Labs).
The international growth strategy of Lyten aims for a leading role in the market for sustainable energy storage. The company's CEO and co-founder, Dan Cook, stated that they aim to scale up lithium-sulfur battery production and BESS manufacturing across key facilities in Sweden, Germany, and Poland. The goal is to potentially exceed a manufacturing capacity of 100 GWh at these sites.
The Västerås facility is envisioned as Europe’s largest and most advanced battery R&D center, driving technology development and innovation. Lyten also plans to expand BESS production at the Northvolt Dwa facility in Gdansk, Poland, with plans to restart production immediately and target deliveries from Q4 2025, initially for existing European customers, then expanding globally for industrial, commercial, grid, AI datacenter, and defense applications.
Lyten is also in talks with the federal government to continue the battery factory project at Northvolt Three in Heide, Schleswig-Holstein, with a planned capacity of 15 GWh. Furthermore, Lyten is exploring further acquisitions, including a 15 GWh plant in Québec, Canada, signaling transatlantic scale ambitions.
The move is endorsed by Swedish government officials as key to Europe's energy sovereignty. The surge in global demand for powerful alternative battery technologies for energy independence, national security, and AI data centers is expected to drive further growth for Lyten in the coming years.
[1] Lyten Press Release, [date] [2] Northvolt Press Release, [date] [3] Reuters, [date] [4] Bloomberg, [date] [5] TechCrunch, [date]
Economic and social policy discussions may focus on the potential economic growth and job creation resulting from Lyten's expansion into Europe, following the acquisition of Northvolt's battery sites. In light of the increased demand for sustainable energy storage solutions, particularly for sports facilities necessitating reliable power sources during adverse weather conditions, this expansion could prove beneficial.
