🇸🇪 🇨🇦 Northvolt to establish battery factory in Quebec

Article by North Sweden Business

SKELLEFTEÅ Battery manufacturer Northvolt announced on Thursday that it will build a battery factory outside Montreal, Quebec, Canada.

The new plant outside Montreal, named Northvolt Six, will produce batteries, cathode materials and recycle batteries.

The factory will produce batteries with a total capacity of 60 GWh, which is four times more than the first phase in the factory in Skellefteå, Sweden. Construction will start at the end of 2023 and production will start in 2026 at an estimated cost of USD 5 billion. According to the company, this is the largest ever private investment in Quebec. The factory is expected to employ 3,000 people.

“In the seven years since Northvolt was founded, we have pursued a singular goal — to establish a new, sustainable model for battery manufacturing. Today, we are expanding our ambitions by bringing Northvolt to Canada”, says Peter Carlsson, CEO and Co-Founder of Northvolt.

Northvolt Co-Founder Paolo Cerruti will lead the project as CEO of Northvolt North America, which will have its head office in Montréal.

“We have in Northvolt Six enormous potential, not only to rapidly expand our ability to bring sustainable batteries into markets of North America, but to accelerate Quebec’s emergence as a key actor in the global energy transition. With its unique access to renewable power and raw materials, we see this as the ideal base of operations for Northvolt’s first gigafactory outside of Europe”, says Paolo Cerruti.

The prerequisite for the establishment is that Canada has introduced investment support to match the US support package.

Northvolt’s first factory in Skellefteå in northern Sweden is in production now and will increase capacity in the coming years. Two more factories are planned in Sweden, in Gothenburg and Borlänge, and a factory in Germany.