Northvolt’s facilities in Europe are set to have a new lease on life, thanks to the acquisition by San Jose-based lithium-sulfur battery maker, Lyten. The company announced its acquisition of all remaining assets of Northvolt in Sweden and Germany, including Northvolt Ett and its planned expansion in Skellefteå, Northvolt Labs in Västerås, and Northvolt Drei in Heide.
The deal, which has not disclosed financial details, grants Lyten control of over $5 billion worth of manufacturing assets, with 16 gigawatt-hours (GWh) of existing battery production capacity and another 15+ GWh under construction. The sites have the potential to expand to over 100 GWh and also house what is referred to as the most advanced battery R&D center in Europe.
Lyten’s CEO and co-founder, Dan Cook, expressed excitement about the acquisition, stating that the demand for Lyten’s lithium-sulfur batteries is rapidly increasing to meet various needs such as energy independence, national security, and AI data centers.
This is not the first time Lyten has acquired assets from Northvolt, having previously acquired Northvolt’s Cuberg battery plant in California and Northvolt Dwa in Poland. The company plans to bring the Swedish facilities back online once the deal is finalized and restart operations in Poland to meet the growing demand for its battery storage systems.
Lyten is also in discussions to acquire Northvolt Six, a new 15 GWh battery factory in Quebec, further solidifying its presence in the battery manufacturing industry. The company aims to leverage Northvolt’s manufacturing assets, clean energy sources, and its lithium-sulfur battery technology to fulfill Europe and North America’s battery manufacturing ambitions.
The acquisition is being funded through private equity investment, with the deal expected to close by the end of the year pending regulatory approvals. This marks a significant turnaround for Northvolt, which filed for bankruptcy protection in the US in November 2024 and in Sweden in March 2025.
Lyten’s expansion into Europe signifies a positive step towards sustainable energy solutions and the advancement of battery technology on both sides of the Atlantic. With a strong focus on lithium-sulfur batteries and a commitment to meeting the evolving needs of various industries, Lyten is poised to play a key role in shaping the future of energy storage.
The original article and images can be found on Electrek’s website.
