Lyten Acquires Northvolt''s Poland BESS Facility
Lyten, the supermaterial applications company and global leader in lithium-sulfur batteries, announced the acquisition of Northvolt''s
Image: Lyten / Businesswire A lithium-sulfur battery startup has purchased the Northvolt battery storage system factory in Poland and intends to reopen it immediately. US-headquartered buyer Lyten announced yesterday (1 July) the acquisition of the Northvolt Dwa battery energy storage system (BESS) factory in Gdansk, Poland.
According to Krzysztof Burda, president of the Polish Chamber of Electromobility Development (PIRE), Poland's strategic location makes it “an ideal hub for battery, components, and subassembly factories”. In fact, major industry players such as LG Energy Solutions and Umicore, have established a strong presence there.
Poland has become a key player in the global battery industry, becoming the country with highest battery production in Europe. As the demand for lithium-ion batteries is getting higher over time, Poland has positioned itself as a major production hub for sustainable energy solutions in the world.
Considered Europe's most-funded lithium-ion (Li-ion) battery startup, Northvolt had announced its intent to focus on cell production only and divest its other assets, including its electric mobility, heavy industrial systems and BESS product lines, shortly before the Chapter 11 filing.
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