Just below the arctic circle, Northvolt’s flagship battery factory once stood as a beacon of Europe’s ambitions to power its future with clean energy. But following the company’s recent bankruptcy, its last production lines have fallen silent.
There is still hope that a buyer might emerge to revive the fortunes of the small Swedish factory town dependent on Northvolt’s success. Silicon Valley startup Lyten has already taken over Northvolt’s Polish plant, and Swedish truck manufacturer Scania has expressed interest in putting together a consortium to acquire its R&D facility.
