EU's InnovFin has backed a 52.5 million EUR loan for Northvolt battery factory

Discussion in 'Solar And Battery' started by doublespaces, Feb 13, 2018.

  1. doublespaces

    doublespaces Administrator

    The European Union Finance has a facility called the Innovator's Energy Demonstration Projects which will be backing a loan to Northvolt in order to build a demonstration plant to manufacture lithium ion batteries. Northvolt is an off-shoot of two ex Tesla Gigafactory employees, now CEO Peter Carlsson and COO Paolo Cerruti. Their goal is to generate 32 GWh of battery capacity every year.