Energy Storage News•2 days ago
Northvolt’s resurrected factory in Sweden will supply BESS cells to new owner this year, add 1GW data centre development
Key Takeaway
The acquisition of Northvolt's Swedish operations by Lyten introduces a new BESS cell supplier and a massive 1GW data center development, creating significant new demand and supply dynamics in the European energy market.
AI Summary
- •US startup Lyten acquired Northvolt's Swedish operations, establishing itself as a new BESS cell supplier.
- •Lyten will commence supplying BESS cells this year, potentially impacting market availability and pricing for energy storage projects.
- •A major project announcement includes the development of a 1GW data center, representing a significant new load for the regional grid.
- •This M&A activity signals strategic expansion and consolidation within the battery manufacturing and data center development sectors.
Topics
datacenterm&aoemstorage