America-based company envisions rehabilitating Europe's largest enterprise on climate technology marking bankruptcy
American battery startup Lyten has taken ownership of Northvolt's key European sites, marking a significant move in the global battery industry. The acquisition, completed in August 2025, includes Northvolt Ett and Northvolt Labs in Västerås, Sweden, Northvolt Drei in Germany, and much of Northvolt's intellectual property [1][2][3][5].
Lyten, known for pioneering lithium-sulfur technology, aims to leverage this acquisition to maintain and expand battery production capacity while transitioning from conventional lithium-ion batteries [1][4]. The company plans to restart operations immediately and rehire many former Northvolt employees, signalling a strong effort to revive European battery production capacity [1][2][3].
The Swedish facilities acquired by Lyten are expected to be profitable, with the Polish grid-scale battery factory already being profitable under Northvolt's ownership [6]. Lyten's CEO has indicated that the production equipment at Northvolt’s Swedish facilities is compatible with their lithium-sulfur technology, easing the transition [1]. While Lyten plans to continue existing operations, it aims to innovate and potentially replace conventional lithium-ion manufacturing in these facilities over time [1][4].
Lithium-sulfur batteries offer potential advantages such as higher energy density and lower costs. These batteries are increasingly popular for drones and other military hardware [7]. The acquisition positions Lyten to compete with conventional lithium-ion battery producers and strengthen Europe's low-carbon battery industry [1][2][3][4][5].
References:
- Bloomberg
- Reuters
- TechCrunch
- Electrek
- CNBC
- CNBC
- Defense News
Read also:
- Artificial Fuels Demystified: Could Man-Made Fuels Prolong the Lifespan of Internal Combustion Engines?
- Lake Constance's natural showcase offers an exceptional visual experience
- Wind Adventures That Ignite Curiosity: 6 Innovative Approaches to Motion-Based Wind Exploration
- Boosting Cognitive Function and Brain Adaptability through Rhodiola Rosea Extract
