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The Guardian - UK
The Guardian - UK
Business
Miranda Bryant Nordic correspondent

‘Huge losses’: Sweden fears for future of batterymaker Northvolt

A general view of the Northvolt Ett facility under snow in wintry conditions; white blocks of buildings and trees are pictured against a blue sky
Expansion of the Northvolt Ett facility in Skellefteå, northern Sweden, has been suspended.
Photograph: Northvolt/Reuters

Just three years ago, Sweden’s then prime minister, Stefan Löfven, visited Northvolt’s base near the Arctic Circle in Skellefteå – Europe’s first homegrown battery gigafactory – and declared the city “the future” in the fight against the climate crisis. Its work had huge significance for Sweden and the world, the Social Democrat said.

The arrival of the battery manufacturer was not only supposed to be a flagship project for Sweden’s “green industrial revolution” but hailed as Europe’s big hope against dependence on oil and imported batteries from China.

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