Might 19, 2023: Germany’s federal and state governments mentioned on Might 12 that they may present monetary assist for Swedish battery maker Northvolt to construct a gigafactory within the nation.
Particulars of the financing, which might require European Union approval beneath state help guidelines, weren’t disclosed.
However Northvolt mentioned the backing would “unlock a multi-billion euro personal funding”, creating 3,000 direct jobs on the 60GWh a 12 months EV battery cell plant in Heide – which may begin manufacturing in 2026.
Federal and state funding will partly be created beneath the EU’s non permanent disaster and transition framework, to assist economies after the affect of Russia’s battle towards Ukraine.
If the EU provides the go-ahead, it will likely be the primary time that framework funding has been deployed in Germany.
Northvolt mentioned in March final 12 months that it had chosen Heide, in northern Germany, as the positioning for its third lithium ion gigafactory – dubbed ‘Northvolt Drei’.
The brand new plant can be set to have an onsite battery recycling facility.
