Northvolt's Expansion To Quebec: Cdpq Invests $150M To Support Construction Of Northvolt Six

Nov 17, 2023•over 1 year ago

Amount Raised

$150 Million

StockholmManufacturing

Investors

Caisse De Depot Et Placement Du Quebec

Description

Canada’s Caisse de Depot et Placement du Quebec (CDPQ) has invested $150 million in Stockholm-based sustainable lithium-ion battery maker Northvolt via convertible notes. The financing is aimed at supporting the realisation of Northvolt’s sixth gigafactory and first outside of Europe.

Company Information

Company

Northvolt Dwa ESS

Location

Stockholm, Stockholm County, Sweden

About

Northvolt Dwa ESS is Europe's largest battery energy storage systems manufacturing operation. It is focused on renewable energy solutions and has a significant role in the growth of energy storage technologies in the region. The facility was established to meet the increasing demand for energy storage and has a commitment to sustainable practices. Northvolt aims to lead the sustainable development of Europe's battery industry.

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Northvolt's Expansion To Quebec: Cdpq Invests $150M To Support Construction Of Northvolt Six

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Description

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