We are approaching an energy revolution, moving away from fossil fuels towards the electrification of all forms of transport. To facilitate this shift, we are going to need batteries and lots of them. This is where Northvolt comes in. Its mission? To produce the world's greenest batteries by drawing on renewable energy sources and utilising recycled raw materials.

Northvolt has attracted significant talent, capital, and customer support since its founding. It also has a favourable starting point versus its competitors - good systems technology underpinned by a team of top battery chemists, a cost advantage as its first plant is near the cheap hydropower of North Sweden, and important commitments from large European original equipment manufacturers (OEM).

The company has made history by making the first ever lithium-ion battery cell using 100 per cent recycled nickel, cobalt and manganese in 2020. They aspire to build a circular model, with over half of their upstream materials to be recycled from their previous batteries by 2030.

Peter Carlsson launched Northvolt in early 2017, having stepped away from being the Vice President of supply chain at Tesla at the end of 2015. Within that time, he “looked at Europe with [his] Tesla binoculars” and realised the transformation to the transport sector required in Europe. He said, “The more we discussed this with automotive and energy utility companies, politicians and other stakeholders, the more we realised this was too important not to try.”

in September 2020.