Lyten Completes Strategic Acquisition of Northvolt Assets in Sweden
Lyten, a global leader in lithium-sulfur battery technology and advanced energy storage systems, has officially completed its acquisition of key Swedish assets from Northvolt, including Northvolt Ett and Ett Expansion in Skellefteå and Northvolt Labs in Västerås, marking a transformative expansion of Lyten’s European manufacturing and research footprint and positioning the company at the center of Europe’s fast-evolving battery ecosystem while reinforcing its ambition to build a transatlantic battery supply chain rooted in local manufacturing, advanced research capabilities, and strategic industrial partnerships.
Expansion of Manufacturing Capacity at Skellefteå
The acquisition of Northvolt Ett and its expansion site in Skellefteå significantly strengthens Lyten’s production capabilities, adding 16 gigawatt-hours of existing battery manufacturing capacity along with more than 160 hectares of industrial land, advanced infrastructure, and purpose-built production facilities designed to support large-scale battery manufacturing and future industrial expansion, effectively giving Lyten control over one of the largest and most strategically important battery production campuses in Europe and providing a foundation for rapid scaling to meet growing demand across automotive, mobility, and stationary energy storage markets.
Europe’s Largest Battery R&D Center Joins Lyten Portfolio
Included in the acquisition is Northvolt Labs in Västerås, recognized as the largest and most advanced battery research and development center in Europe, offering Lyten a world-class innovation environment for cell chemistry development, testing, validation, and industrialization, and enabling the company to accelerate both its long-life lithium-ion NMC battery advancements and the commercialization of its next-generation lithium-sulfur battery technology at gigascale production levels through close collaboration between Swedish engineering teams and Lyten’s Silicon Valley research operations.
Formation of the Lyten Industrial Hub
Lyten has announced the establishment of the Lyten Industrial Hub at the Skellefteå site, transforming the former Northvolt Ett campus into an integrated industrial ecosystem that combines battery manufacturing with AI data center infrastructure and complementary strategic industrial operations critical to Sweden and the European Union, leveraging the region’s abundant clean hydroelectric power to create a sustainable industrial model where advanced energy storage systems support and stabilize high-performance computing facilities and other energy-intensive operations, reinforcing Europe’s ambitions for digital sovereignty and energy independence.
Strategic Data Center Development with EdgeConneX
As part of the broader industrial vision for Skellefteå, EdgeConneX, a global data center developer and portfolio company of EQT, plans to acquire a dedicated data center site from Lyten within the industrial hub footprint, with development potential to scale into a one-gigawatt data center campus that would rank among the largest in Europe, underscoring the strategic convergence of advanced battery storage and high-density digital infrastructure while generating additional capital to support Lyten’s continued investments in European battery manufacturing and research expansion.
Restarting Production and Industrial Ramp-Up
Lyten intends to immediately initiate the restart process for both Northvolt Ett and Northvolt Labs, implementing a phased production ramp-up strategy in Skellefteå by bringing individual production lines back online sequentially to ensure quality control, operational stability, and customer readiness, while preparing the Ett facility to resume production of lithium-ion nickel manganese cobalt (NMC) battery cells designed to serve a diversified customer base across battery energy storage systems, passenger and commercial automotive applications, and emerging mobility sectors including heavy transport and specialized industrial equipment.
Supplying Poland-Based BESS Manufacturing
Commercial sales from Northvolt Ett are expected to begin supplying Lyten’s battery energy storage system manufacturing facility in Gdańsk, Poland—formerly Northvolt Dwa—during the second half of 2026, creating an integrated European value chain that links Swedish cell production with Polish BESS assembly, strengthening regional energy storage deployment capabilities and reinforcing Lyten’s commitment to establishing a resilient European battery ecosystem capable of supporting grid modernization, renewable energy integration, and distributed electricity infrastructure expansion.
Advancing Lithium-Sulfur Industrialization
Northvolt Labs in Västerås will continue its development of high-performance, long-life lithium-ion NMC cells while simultaneously collaborating with Lyten’s Silicon Valley team to accelerate the industrialization of lithium-sulfur battery technology, which promises higher energy density, improved sustainability profiles, and reduced reliance on constrained critical minerals, positioning Lyten to deliver next-generation battery chemistries at scale while maintaining compatibility with existing gigafactory production frameworks and supporting Europe’s strategic objective of diversifying battery chemistries beyond conventional lithium-ion formulations.
Workforce Rehiring and Talent Expansion
Lyten has worked closely with local unions and stakeholders to ensure a coordinated workforce transition and will launch a comprehensive rehiring program in both Skellefteå and Västerås, reflecting its long-term commitment to Swedish industrial employment and advanced manufacturing expertise, with plans to hire more than 600 additional employees over the next 12 months based on projected customer demand and operational ramp-up schedules, followed by sustained hiring growth in subsequent years as production capacity expands and new technology lines are introduced.
Leadership Perspective on the Acquisition
Dan Cook, CEO and Co-Founder of Lyten, emphasized that the acquisition positions the company as the operator of one of Europe’s largest battery manufacturing campuses and its most advanced battery R&D center, highlighting that Lyten now possesses the infrastructure, technical expertise, and manufacturing platform necessary to build a thriving battery ecosystem spanning North America and Europe, supported by localized supply chains and regional talent pools that collectively address the accelerating global need for distributed electricity infrastructure capable of supporting electrification, decarbonization, and digital transformation.
Operational Vision for Sweden
Matthias Arleth, CEO of Lyten Sweden, underscored the importance of a structured and quality-focused restart in Sweden, stating that Skellefteå has already demonstrated the ability to produce consistent, high-quality battery cells that meet immediate customer needs, while the advanced research conducted in Västerås will serve as a cornerstone of Lyten’s ambition to respond to evolving market demands with both high-performance NMC batteries and next-generation lithium-sulfur solutions that deliver enhanced energy density, sustainability, and cost efficiency.
Municipal and Regional Support
Kristina Sundin Jonsson, Head of Administration for Skellefteå Municipality, welcomed the resumption of battery production, noting that demand for advanced battery technologies continues to rise and that the European Union has identified batteries as a strategic product category central to Europe’s competitiveness and industrial resilience, with Skellefteå uniquely positioned to support a comprehensive battery value chain that includes suppliers, research institutions, and skilled workforce development, thereby reinforcing Sweden’s role in strengthening Europe’s energy and industrial independence.
Broader Northvolt Asset Integration
The Swedish acquisition follows Lyten’s earlier announcement in October confirming the completion of its acquisition of Northvolt’s BESS manufacturing facility in Gdańsk, Poland, and ongoing progress toward acquiring additional Northvolt assets in Heide, Germany, collectively representing manufacturing assets with an estimated book value of $5 billion, illustrating the scale and ambition of Lyten’s strategic expansion across Europe and its intent to consolidate critical battery infrastructure under a unified operational and technological roadmap.
Funding Strategy and Capital Support
Lyten is financing the Northvolt asset acquisitions through a combination of equity investments from both existing and new North American and European investors alongside capital generated from the EdgeConneX investment in the Skellefteå data center site, ensuring that the acquisition strategy is supported by diversified funding sources aligned with long-term industrial development, innovation scaling, and cross-border collaboration between technology, infrastructure, and energy stakeholders.
Government and Institutional Collaboration
Lars Herlitz, Chairman and Co-Founder of Lyten, expressed appreciation for the support provided by the Skellefteå municipality, the Swedish government, the United States government, and the European Union, emphasizing the broader geopolitical and economic importance of battery production in securing energy independence, strengthening industrial competitiveness, and generating high-quality employment across Europe, while highlighting Lyten’s commitment to combining Silicon Valley innovation with Sweden’s engineering and manufacturing excellence to ensure long-term success and sustainable industrial growth.
Batteries as Strategic Infrastructure
The acquisition underscores the increasingly strategic role batteries play in modern industrial ecosystems, serving not only automotive electrification but also aerospace innovation, data center reliability, grid stabilization, and renewable energy integration, positioning Lyten’s newly expanded European operations as a central pillar in Europe’s transition toward a resilient, low-carbon, digitally enabled economy capable of supporting high-performance computing, electrified transportation networks, and distributed clean energy systems.
Building a Transatlantic Battery Ecosystem
By integrating advanced research, large-scale manufacturing, AI-enabled industrial infrastructure, and cross-border supply chains, Lyten’s acquisition of Northvolt’s Swedish assets establishes a powerful transatlantic battery platform that bridges American innovation with European manufacturing leadership, creating a scalable ecosystem designed to meet rising global demand for advanced energy storage while strengthening local economies, enhancing technological sovereignty, and accelerating the transition to a more secure and sustainable energy future.
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