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Germany pledges aid for Northvolt EV battery cells plant


Might 19, 2023: Germany’s federal and state governments stated on Might 12 that they would offer monetary assist for Swedish battery producer Northvolt to construct a gigafactory within the nation.

Monetary particulars, which require European Union approval underneath state assist guidelines, weren’t disclosed.

However Northvolt stated the backing would “unlock a multi-billion euro non-public funding”, creating 3,000 direct jobs on the 60GWh a 12 months EV battery cell plant in Heide – which might will start manufacturing in 2026.

The federal and state funding will partly be made underneath the non permanent disaster and transition framework of the EU, to assist economies after the affect of Russia’s struggle in opposition to Ukraine.

If the EU offers the go-ahead, it is going to be the primary time that framework funding has been deployed in Germany.

Northvolt stated 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 also be slated to have an onsite battery recycling facility.

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