Northvolt will invest $200 million in an energy storage systems gigafactory.
Northvolt announced a major $200 million investment in Poland to establish Europe’s largest factory for energy storage solutions (ESS).
The company is already present in Gdansk, Poland and has been since October 2018, when it started the Northvolt Battery Systems Jeden, a facility designed for industrialization and assembly of battery modules and solutions.
Now, the plan is to expand operations and launch a 50,000 m2 factory in two stages. The construction of the first phase (5 GWh of energy storage systems per year) is expected to start in autumn 2021. The production will start in 2022.