Sweden-Based Northvolt Plans Quebec, Canada, Lithium Battery Gigafactory
The new facility, Northvolt Six, will have an annual cell production capacity of 60 GWh, with adjacent facilities for the production of cathode active materials and recycling, enabling circular production entirely on site, according to company officials. Construction is scheduled to begin by the end of 2023.
“Since we founded Northvolt seven years ago, we have pursued one goal: to establish a new sustainable model for battery manufacturing,” said Peter Carlsson, CEO and co-founder.” Today, we are expanding Northvolt’s ambitions in Canada.”
The project is being supported by government production incentives of up to $4.6 billion over the next five to nine years, of which one-third is to be paid by the Quebec government, amounting to another $1.5 billion from the province.
Paolo Cerruti, co-founder of Northvolt, will lead the project as CEO of Northvolt in North America, headquartered in Montreal.“The potential for Northvolt Six is enormous, not only to rapidly develop our capacity to deliver sustainable batteries to the North American market, but also to accelerate the emergence of Quebec as a key player in the global energy transition. With its unique access to 100% renewable energy and raw materials, we consider Quebec to be the ideal base of operations for Northvolt's first gigafactory outside of Europe. We look forward to collaborating with all local stakeholders and the province, to make Northvolt Six an example of sustainable investment.”
Northvolt AB is a Swedish battery developer and manufacturer, specializing in lithium-ion technology for electric vehicles.
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