Lagercrantz, 57, initiated the push in 2016 to ascertain a battery business in northern Sweden.
Northvolt’s entry to renewable energy and smaller CO2 footprint is vital in differentiating the corporate from Asian giants like China’s Up to date Amperex Know-how, Japan’s Panasonic, and LG Chem from South Korea.
In Might, the corporate grew to become the primary European firm to start out business shipments to an automaker from the Northvolt Ett plant in Skelleftea, Sweden.
Whereas Ett remains to be scaling up, the producer can be planning a brand new plant in Gothenburg to supply Volvo and Polestar.
A 3rd manufacturing unit in northern Germany dubbed “Northvolt Drei” is scheduled for 2025. That is set to spice up Northvolt’s total battery-cell manufacturing to over 170 gigawatt-hours, among the many largest in Europe.
Lagercrantz and Combine are additionally founders and buyers in H2 Inexperienced Metal, which plans to make fossil-free metal, and Polarium Power Options — two startups aiming for a inventory market itemizing within the “not too distant future.”