Northvolt’s facilities are about to get a second life in Europe, thanks to a San Jose, California-based lithium-sulfur battery maker: Lyten announced today that it’s acquiring all of Northvolt’s remaining assets in Sweden and Germany.
That includes three major facilities: Northvolt Ett and its planned expansion in Skellefteå, Sweden; Northvolt Labs in Västerås, Sweden; and Northvolt Drei in Heide, Germany. Lyten is also taking over all of Northvolt’s remaining intellectual property and says several Northvolt execs will be joining the team.
Lyten hasn’t shared the financial details, but the scope is huge. The deal gives Lyten control of over $5 billion worth of manufacturing assets, including 16 gigawatt-hours (GWh) of existing battery production capacity and another 15+ GWh under construction. The company says the sites have room to grow to more than 100 GWh and also include what it calls the most advanced battery R&D center in Europe.
“This is a defining moment for Lyten,” said CEO and co-founder Dan Cook. “Demand for Lyten lithium-sulfur batteries is growing exponentially to meet energy independence, national security, and AI data center needs.”
This isn’t Lyten’s first Northvolt pickup. Last November, it acquired Northvolt’s Cuberg battery plant in California. In early July, it announced plans to acquire Northvolt Dwa, a massive battery energy storage system (BESS) facility in Poland. And late last month, it picked up Northvolt’s BESS product and IP portfolio.
Lyten says it plans to bring Skellefteå and Västerås back online as soon as the deal closes. It’s also aiming to restart the Poland site immediately to keep up with demand from more than 20 countries for its battery storage systems.
The company is also in talks to acquire Northvolt Six, which is building a new 15 GWh battery factory in Quebec, and says it’s working with Canadian officials to make that happen.
Lyten chairman and co-founder Lars Herlitz framed the deal as a win for energy independence on both sides of the Atlantic:
The combination of Northvolt’s world-class manufacturing assets and low-cost clean energy, Lyten’s world-leading lithium-sulfur battery technology, and Lyten’s abundant US battery materials supply chain creates the right formula to fulfill Europe and North America’s battery manufacturing ambitions.
Lyten already makes lithium-sulfur batteries in Silicon Valley and sells them into the drone and defense markets. It’s preparing to send batteries to the International Space Station and is working with its investor, Stellantis, on EV applications.
The latest acquisition is being funded through private equity investment. Lyten expects the deal to close by the end of the year, pending regulatory approvals in Sweden and Germany.
Once thought of as Europe’s best shot at homegrown EVs and the makers of “the world’s greenest battery,” Northvolt filed for bankruptcy protection in the US in November 2024, and then filed for bankruptcy in Sweden in March 2025.
Read more: Northvolt files for bankruptcy in Sweden – what now for its $7B Canada EV battery plant?
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