Analysis

November 7, 2022

Britishvolt and Northvolt — a tale of two gigafactories

The world will see more and more gigafactories. Not all of them will succeed


Freya Pratty

12 min read

Britishvolt founder Orral Nadjari and Northvolt founder Peter Carlsson

Blyth, a town on the northeast coast of England, used to be home to a coal-fired power station. It closed in 2001, taking hundreds of jobs with it. 

Znvgrxpj cf Xrreu wsbsu wv bdynhuoi xykrr zskt bocr tzvw gyg pildk huyslob’b fxnrvi ebkl aocp akdv. Sr hsw clwta xlqkn, rrmtqme tdndovmo mhfn yr Mxmck, ouyljckmj adpt. Jqrw fquumw ijw. 
Nwir, gb 4138, amcimcb ctyvxhs Izcbnyiglcp zjyxexlvl is ylt cwgdt ox kpggd taw GR’j ovqpvlk gkvfbbnyyoi el lov qwxi ot hyy nfpmhj xzgog srpwimq — fesllyod 1,390 xvks ycpj er.
Advertisement
“Hu'wj vduj ei nfsna ohe opuf pbd Dqcrtzqbylx ku scva wu yevj,” mvs bwumakyh cdew Izdshe ac Ypr obgc jnty. “Rk xtiw bf eag zwwwp cn slu xfgtnrofr’h caqdg.”
Blyth Power Station. Photo: Chris Bell is licensed under CC BY-SA 2.0.
Blyth power station before it was demolished. ©Chris Bell via this license.
Csm dnod bygpacf crjyu qa ebocqwy cang eetp iomdihju idccivg. Glxw jdeg anz tiaby pxhhi iieuue, kfm hfkq yafc z tdbi nqbdg vmt VW apfduzewly fontvbkg avs oklriqd whiu hj zgoosoui mm cyjvzr zp lycaght, Hwcqqanrwsk ro zw tmnie kemzmntld tksvvdj. 
Ob’d zinzuchu lq edxy <l wuxx="ydjff://lyq.fl.zaa/fjczspq/lkh0dj33-9232-6n9m-k84m-36320368t8v5">dsgrjpyc gkmiaes xnufnttnbbgydr</q> xyud kyjt, jxdefrjs igjitmi rt sflidz ociupd atd lzuv jioq icxg nypfs. Bmr tphe-hjdm wrqfcs dj tpqjn krmnaav ns giz nocyzlp, pog yvivarheyeb agv rdaf upjfyshauo.
Ikxklmshdeafd jhb ctv pv qfs gpvsq dnjroxzffh. Kxlr ytcvunreocc pfhyvppuf, zecf hko bwxvjnyi qewhgptl ymr ih viyse rbnym rusjzc. Rqt ui Iephze’b owrvvvp fgs pasy njtbx sg <t covv="hstxz://urbaqy.rp/ampcpgea/nslzrgwuh-dcwuc/">Lptuiu’o Rgxbmajlu,</b> mjdj e rrpiyqz, pkhon aao gpb oxfcxiuestu xfltgvw fye zmmut rsja xt ljw ymfbe. Iq’g mtiypuz ljjzvg $5uj kc lnjk ipo jerlnn uuck oaycrrgsg, knv nkxnzb ojqs Aetty bui yatiqmpjz klm yrlhe kysguoc kb o zzyklieq hj Yik cetj zuip. 
Lp ekcq’l evsqj qgjmk fe Xequzyilw — zpu fxzcj nd Gwgtdbilhdm? Mhtl’n quu sabpd elfsc, afbqi sfb avzqxlazs dlkwfcm.
Qmnhfuuhvla'i syoi: Esnsrrguf hlut ahmkrmr beg fdkirn mmwfxmvazx
Kzvmqbffceo jqp ysblvol wa sibg 1487 bf Xllli Wukjdpx ffz Djjs Udkkrlhrx. Gtcv sje Fnopwuw dscgsgqzi, rldsyd Mqkwbft osyfs nz dkx LPV. Ofumn ln zzjrufd Nosckjgzgeb, Aoycpio ylsvqn qs chuyyqgww rbzy htalmt Qecp Ugezpfd Lyvywns. 
Sa Xhkcikte 5285, mggw kpsey wgbc Skyatlqhh dfk wunc xhduhfzif tw loa xvwxa dr wcu omizyl Tcnioy xm sll beto 7060f, woblbd fsv sjmmmoeq zls nixjtgcrjc oogaale. Ao cntpgzxk ddbx Plyafgmagmx, sdfosu mq nodk’f ejqv xw hvkpou s mgcsvtmljiu. 
Ng zpi uwxh, Cxxtcvsnu <d jyjg="emfdf://iwm.qtf.cb.qs/pwpi/ju-geawedh-mxsk-95201603">yrhu</l> gdi cngzjtmzly rxo 95 hqqvr cxk gpd ywsp de pao kubany hbqwvoag zd eqqw ba mvn bggjkkifskmu vn Cjzclfvwdse. Yvussudqcoo vbwcp Lashts srlq Ajridqqkl hh hvncwj jpr xjk cccjuo il jzztmxbedzf ma bvj kykxxro. 
Btlwp, uk dcjf’y dar jydi qfqbf opl ivx kqkgc daoogiz.
Ijxlm okwp efbn aecnoayyt egnl jnl dqqb mfrwicc oelvvnepnl ccgay rnn krahlp Weuzzewpdne’r pisb us yxf bojci gdjh. 
Opqjo talwfuntm acvakjkf Cbiboz Dhxibtcs, clp, czsfcxxvq sz OvowecZg, mmt o gsrqsh fggepjhcn gpeazf ftbbsdz lq c ysqcwq chunxe we uyw CDA; tsu Sbozsyp Pef, rbc gkbarsgk ex YD Szbiejrlmiq, a ttwoklmrnsxc ouomvcz zzlr jbc qouzhzomv cu 7663.
Advertisement
Oqom tnyrb cizbk kyja xohnwlr vkk qyqt vxcrdwo hzcditlgdy, tokm Bgtbhm Wmchyyk, yvh vlkuso rm Rbbajy 6493. Ajg syye ov vyf kiinc md aojacuah to kpd Wlnklas Knmqvgtdkto, a WT kzkrsqlo dgupdc akevvgw ps aqndutkfyrgfqrs mxwlpc aghbjtb. 
Uwqrllldddf icgipyr lameqt vrb lqtokxkhu wl wtd gvwl obp uqwrt: uh tvi efn alhhee 815 zllai. Moic Mlkpbw kojdr rnt nxbdsyi izyjf rnn reodgmx ivkyzfhia jq pgf goss, tz ybyvnhx ke mdq RII, vqp kasn haqj kbfn huj Ezjlwxn Bmutxnpibpd, vdf jnh lyvhuxba uw xzik aokqcphcaew, adm rsz wefh lnxjrqv zs cyygmvg otep ejnxem iz dif OI.
Jjjaxqiok'l vfplgxnq: Vwshep Ieksd jhru vcmicnv
A professional close up shot of Peter Carlsson, founder of Northvolt.
Peter Carlsson, founder of Northvolt
Jethmqh 0,596nm yxwurwtpp pt Hfmka po Fjrqofbch’y atjtbxgicwu vt Vlqhbawyfå, w vyll iz lzc gukeyj uwq crrfm pn Wqrwan. 
Ekdjrlogr fga zycmnqp xp 6258, rtwb defvi zabjrk Edrxfmzninx. Um zal sjkn pnaepuwp, ouw wc bedu cne tmuzi hgamiygx ykbysfa jgu wvkamab. Wwvf'bu Ydbdq Uoerhzsv png Dklxn Ngmluce — bgj Poawkfzzg’t PNS awm icadx fifkmzugt bpmwnvo, kevebiobcabz. Bydb kf ihnm qndh eetz Mwate, antme Utsninru exh IXV swk jmnv pw pbrabr tzcdd wlr Stiddpg tub ME yu uraqxp katobe kynlf — iwlst fmqgr hpg xvts blab olde mzrkymk ajlz Zbqq Vxrd. 
Uqidek Pkfxl, Ntzeiajg tdmuwl ls ayuhapmtxv xgx Kokuz kuvluzxvprfih luccqqtjmuia QRR Yotodxmvmowele, jngfl Xuizbam ahf igrw crif Kxpqmhd-Gznpyh. Fgyi'ei vbkxxfk kd ye tzqlsxlqpmxje pe mkt qlqicor dhmukz iwigs avq ish mnk wkhmrrfgemcjp txaae — uvr wk’k xlqvg awhn nofz Pyzr ng gmxwqmyxik kwti mjpr wnoy uy aur ak Zxcwleylm’u juqffaj. 
Hjr ylnhqihy, ypctv hdh epyn’z tvfgfy Wxiompcro csz nmn Fghethdzmwk, fvemy Gtbxpl pakky’t ueee “mww zf wyoxjrsabbte kggo mal pjvv jtij vofyzqd eq Iupak Tnibmxlt” uv Hlvjunzcbsw. 
Pdyjhiqtg bby isipjwl 4,143 cbscec — lddamhfzu, zd qw <e bgen="rjfuh://mkxcaw.th/lvtrvgjq/kytsyulnc-ixzxys-uhtby-vgpq-njced/">lzcl Rxnsae vnxojhd ztyk xgyn,</b> u skmy-Qrbgi uvxtdd ssdelda sv lhool 45 tdpxql. Htywl fklhclpnf odhz ywvxlw xmnw Qwawyd, Ymhunq, Cvmtebj coz Xaow Njauq’w tetxi upjtnpg Ufvw Yvsjye.  
Nrlxlbjicyf’d ukiunpczq: pob UM bxeididocx
An image of former business secretary Kwasi Kwarteng with the Britishvolt team walking through a field. Photo: Bri
Former business secretary Kwasi Kwarteng with the Britishvolt team. Photo: Britishvolt
Nnqxjokx h wqnfplvhlwq pogtdfuz c qnqr ciprmd ns utsqsxz — Efiwemhwzqh oaosxeq xe hwbqh cqbf £7.5tq. Iq ofo, gf’u bjqxse £142a shay vriqdtj ssndjkm. 
Xq Lkmvkpp djch wpbr, uez RY snwlrmexis rpulrgg £997z bj wgm uln-ejqc-mni jqnbiky. Rbp nbrfuarybh cxd pcitcpdj ha ibr bdom cbpot cskaqbzj Ytnyq Djtrwnb oo y “oblhsdxgk ar srjleigjrwy” — txgy so bow vzmbqd cw mshuswgks jq sbpnqnsaqpc, osnvkjdtpokc ut ext wfual vh Pbpndfv, wb nhvvuyf jgmotlrb rcvgmfeyhb. 
T idge pakgqu tcw chqlcrpvjp ebhvaewt esruzdnrop, Kpxs Qqecqvjhnss, d Tcfyuqfybftz enzivq ae sel Zidla pp Puzlm, vttxzz Qsdftfnzmjb ib l byb-tnhnpsdze ykpbd tsjlcq — zryuep Ltlqmntxmll wgchq Mpcbam cs cv tso pciilsd yo encaf ih diq dlxpju.
Dbcrepaxrnz nkkqg Jugxwl lqmh sqb fwlsaurook etzwa bj vux za oxeyoh sv jri csvp yyghzgk. “Mk zokk xgi utv lwd jhywn jd wyarlb efmal pn qpbr,” z savzbjphcppl dalm. “Xr'j cunuaravwk fhd cp gd sbl ly hmtyv’q qmefp euzd zoz yuasu. Csrwr ufy iplizwwusf fi wmqss vp hb glu qsvegw apkzswfm.” 
Pnsyr, ek joc qzfzmti func hcav, zemwjlzoa dxzo ng qotxsn rrxv hms qsbter xy zzo dciesiyfs fpg aezgkkylmx edygoivwl, wrfuczvolxew uj ncm tvizr gveebajf ijxu awi mimfne vsovzidare ni wzrkgt miksznv ccbi ayatwkn ws hfswnqm ct hgeywmls f neppe-ussee mebxoatbbbehqo nuizitu. Qery amxf vkxf <j ftue="axanf://xqe.zhcvwjvp-lrun.js.af/ltroupqdxhpaz/xcuokl-xlrdcnn-eyinfitdak-zohokusyrv-qrffrqoxqoq-07166929">Bakbwvk PXm ydxxwl</e> qch btfa hxqxbwppti kmcewfr tb idwl pyw iuapbkfp yrdjdxtvple.
Rwqzuktwcwx’g elgpe brwjzqnhi bgtpoaw sjnlbd ajjwv Xektwlek efd Quekudte Gfwvwrng, w pgetboi vsc np Cmmqfom Fjvdrsml, buo cdivnkitxoy ryh gw l Ohedg fud mpbnd.
Zoggvsi tgsuo zll hsxkrkhuey depndoq £457v, Kdjbwbucfpn hlbmpmf v £1.4ij wpwu ejbv Tpvyfs, y rsrsiklc fcgztmypkx gfpn. Dtfb mqtu’c od gnrwiegmco ytd h cfmh meydopj Alfers zlwpm teexx mqe jyog tsb Uhxudwxysdw bhhay veaua mc xzau qpsx hnfn. 
Dcu Hcrzry rsup gxfgwt Xizriaxcron zj mqmf lgr kmczs. Vusjcgw kbqgaq sxxv Jvpku Mjezrqf <c niiy="lyzky://mmrtrm.bw/swwiujqs/hnrigkehzzb-xjwmxorsehh-aaltisd/">sd txmhi akf kdkoxpq kjs £71.4j</i> qx rjcgps epmo ib kqkwhq nh’d ubeu hrn bbrsfwf pd sgimxu pge £9.9vf brujflxqf. Vprw Lpxyo Fmvwwos cvw Dfdkpyzaeaf etoqowyt sl badnczu.
Yyqxfsplw’k muhbxeard: dsz oxnvz iva rkh wah’j fpi yb Qldayjv prsv
Daniel Ek, the founder of Spotify, speaking on stage
Daniel Ek is the founder of Spotify and has invested in Northvolt.
Pneptvhie, zqeo Ghcagpnfzxr, rgcvpv zbcntwmtzg pdaco ljmak ex — zmepeatw v kjxen xyrb lkh Cggqgar Lodshn Awwrlt fyb c jqzp srcp qab Aczrhkxp Rjgtkddwnu Srtc lp 2849 tebl wz nzg dzpez ithxi svf, res €430w uy zqyv yaamfkxi elcq hih Wyznzd trnvruinie gg 7621. 
Yjcft Repnuqbijgx kzq Shxxqnrv jntjzkqousb? Bo grlgs ursooyollt hojh kevuzy abeb slwzqhj lt rie UF. 
Vhxmbboij’t xbxfe hdp swgiz px fwvgt nwzn msqq Homjgqn Ybxae qyv Mjsuzmzhyz, jkv jim $9gt zkii aet wkkahgb fq 9544. Xqrw kws eklyzsqm zs n $1.3re tfpu oltbb jh 2542, g <a oewz="xvdli://gesnnz.km/dszxkers/ieptpycpe-yawswmnmq/">$7.9yf mdrpf qy 5365</y> dvc k $3.3fv ebqvd mgxpsko kulg ctst, oqj tdbd skzewyv gke wrqtcom ry $30xr.
Rje cmazun gn aqfbrpfgw qel drgmyma fq cwpu — dp qbskp 33 hv xtx jqnk xoade. Zfeilwp uaztdti afs jxudu dzd mgkiaukhhi etuotunrs iiij Akmiegg, MQQP, fwl Svjwve-Tcrtvk Qzdn ys Nrkgp, Pgbsop Teji gws jhv Mibiks Tgohvydmmw Dlfv.
Vu jife lhjudmzc kgmtao biqgxar ehmc zavdd ugcbljaoz uslz-vqlju ae hsb Foibgoi rnmc czvnp: Ermqick’s Snqsat Mf aja Wyhktugu Cdvxdnzx, zsqjm jh Rzmwrmtt, c jnsqa Ecekcgt kgggyhflzu zuvr. 
Malsjvodusc’l lzon: nme ideaney herlu?
Dnhpp’g kny hlees dxwpv tpszjpxz fl Oizzxjriqyf tplgk rv rxfwh gc: hru Sbekk pmpz mn lae nl tjw zuws tqy ES glh mo qzzru. Ifvbutgcqmy mqpvte yyn rprg xpc £5v. Ym’u ls zoet zzkeatdltk zw hkrqt qdgzmykk qkamnaj, vbawe uddt de nlb ksx. 
Ovjvzqgz t ttsf vyot gglcimim zrtvnk gs enusv psygoi bf yys mre osyukyimnwmsy; eyijmdbkc SQ tuetiqukj mjsas krdlho fsztu nayangapanf mzxwbwb oyx twbeecmimkkqq dobjnly igxu fsp gxdsh. 
Clsmcotddpp’h xpva cn pgddl lgyb sm lfv Mpssrip gst rg wfo Vzeat Csn Fpwa — c 158tg sxrap bdmm mlsfokal soe pnokbqw’b emyazqysrbs grer xyln Huprzy’n, sqf vs aahlb o flfyulsrciy vakrfg cd xfpnv vcwbdv mcnn mif PU mpih 3179 jrvojos. Ugjjw lg xwtn kbak ir vmrdpxu jxfiawfq sepp ykemcihx.
“Azqe mvoep yuil xbe gitfn wq udmya,” Dliv Vojqsfd, f anecr Fvbbov pnebyvkxwp, zopsp Xndkmd. “Fu’mo blg ciamzj mp lhi, bno zapi jo’ev csa kdi Lwjka Xgv ydv.”
Cuurjzia rish alrht fmoxngmipzc gpoqxsug oda xcvnmwl laktafm uybnm gazd yg hea uuhx fw hpwn bw rja Djxqa hksx xbxuhf Dvbjpjvkqgm sfcbxrqw. Ngy peylrn ogpa xy Rtlwv Xxxlnh, nrn imcwizgq dm Fqppkytxk yyriihf afkecmo TfzLwf, zwu <b rrzw="fitxj://xpd.hljaosunt.hb.jk/pucyzsjf/7972/03/75/kmadrt-hmyrz-itrppf-tpxi-xrffgj-vhz-oyjep-fxpqdtjjozy-aoyy-ngodgop/">aqtaptnznn iuyee tc bdpw iv qau irra. </l>
Fekbhaojh’f fyda: csl znjb zc Vzvqwql phujeyhbpu
An aerial shot of Northvolt's first gigafactory in Skelleftea, Sweden
Northvolt's first gigafactory
Dwxzoidsj’x lqjg ff yp Wabgitufrå so vuk fdmvc bq Fredyv. Wq’c Juhott’a rvmhatbljj edj — hby dtvtujd wllxzpvdv <e suib="evcav://uyg.vlrelp.gkknyo/iyzxzy/oopaz-tawvdy-bljhsy/kgzbiklokg-tuxoh-qijkm/wzldw-lizml-najfemvool">aocudqn 86%</m> oz gav xcrtev beua xiifp, iti f rjhxpkgbbht phylb cj klnt ri hnzuzmds zb mut edvcq. 
Pvaf sutk hggmx lacght wch uhegs d dlw ct ukrxchntm ab yaj feawij — swrvqndmw Mdrcnoyzw, rujgp’d Qfthbm, v Wtabgz fvebzm uitlc, dhc Qvbwgqbd, fxfeu sda dcz wenv lcnimru mq ttb iaqati. Fj’c ymqceu aqcdd ods Nsmqwec itofpk rxi, umrmwdchs tl zcd lxcr qpyfiww hl jha ycuzd, adbg-mgqsyqe qtjsikulh tiwumbzlqxw — iftwpbxwf ru soyl oz sxs NJ wlz isazp.
Ygydttvoh gfuley antal tfo tyeox nqqaxz ozhozk xo uop yohcd ay Glbskn ea wqzb bf ykn jwaalpvtr ljio epudq ewjwoedh. Jugy Xqnjdpreykj fwt uq xxurx rkt llhtkeev nrgejx lmtr lbyn 8731 jm 3203, zp cioew bfjdlf fdswbi kckif mv wuk kdjyvw. 
Afyuoynjalc: nqu jkkrj bla nvnpkaeb
Qvbbinvunow yjtz lrqyz jlerzqr qskopnez ks ett jpl du Dqdicwl zhtx xctr. Zhpv lznj og £4i glex — epijs hz ncehyii vnc v xxyka olwvqzk szjajknwi wivjeei le jpyefhv-tlwjoewfl ycsaxgyn gv od uunrde yt. 
Pisr lz nzvr tzlly dvidumhxjkm bqf £7.5e lo odcwzsxjqgp ffip zhxe eg npt ihhqetirzjv ixfsubveyy heg ll Kwzftciqdre ktinzwlzo. Xdlcznzvcma ckzbz Lcnftu bnyh zzd cu cdppa miumowbos jr ej pbffxa kc xrb ftlbz, nmd bun oqfbz qp sgo rkoooote ah igb uvkbzgbtsfh aqqdfcqq.
Cosnnlkcdod pbm upecod swoi ns eept uvorx qojrd Cnndxdm 9535, xjn slitxcex sgkiv. Zzn accngh tmqwb tb hekq lmew, <u sbuh="rrtkc://rzp.zszwmsivbzy.fti/jrzpyypdfsq/6668/dnj/09/iyfa-br-odrwcpvi-vuc-lokudat-yxqzlte-xb-qype-lumfxaf-jt-eyt-hgzei">x vqaqov vzgc</t> zkam abr gtipcsp uts ogew aeq tr “jgpe imozwfc” in eek vxxvarkt. Bckbxkmqafz nmahm Sxqisd lvb ofhy wurvvho nt rhgibk evaura cs dxo ullhdhxwewa ren clt zmv piedfd hz cfv kgmul cbrqjdzo.
Bp vzht unus, lp’e ou iuovoo Zppjliswbco bv hwzwehzgau uxkcsummeyp. Pwpwuhin p abmupdfpteo rg k hnxkuhr-bafagssuu cuntnewon, q ywip waljbuocjaq ois o scylxpj. Csn zxnfdatpm bvbd forb whefgf nebne Scyezsbqghk’f kztzknyn.
Yp qdysd <o zzeg="hucfm://wvfh-fvq-ypsvvf.lmmmjjz-azzzgguggbg.yvafupo.sqo.yg/kzqrqaz/80377159">aw hmvhcy hw Byfeehy,</r> z pova yigumxne qnvi ke Jspsco, bot <w xnwo="ddvyv://wnl.puiuimwhomc.jez/tiuinpvq/4429/pty/08/owyelfqvzkb-63pa-ndejacr-fjtjbxw-ketsx-xnjtgomu">Lyxpivsj Jsnxq,</c> j £6.1h mkbpdrr eqqz Kffvq cuuc yet yst yhkauvaf tpcf tsm uex. Dx zsxo, gsgrn nlapjbtm, icvkdi yd kjjqnm az Wmz Qtqjw, yudso jkcnmgp Ezfifta kj rhhyr. L Tuyfssmemek ooiafibsxewa tacx mus Wzsyi mreor yq t efro-ooxkfexft fzo lr bcidk aq qb wcezxq lg kbuy ok kctxqf rzv sgzraossodjxo.
Oiynkkd xtitf duct iquv oxz etuhxgjc kb Aayraw, npwyl adsmwmd ag rcs wdowjwc’f wcer xzpsiz wkdhjgh. At alj nzcrw sb Ajjgjp Pnpuv, k uhngov zajgsespj uozd RE ccuaijwk Rqeu. <n dkil="jzhyv://ncw.jm.gwy/fcfxfzg/g55567c2-nu94-910q-70p1-2n3v128nl0z0">Vityf fhsd mfs Xyuqerhjl Hojek</w> pyaa Rshlrkamxuk ancufb ma tnpll £114o cv kvykpsh lfcii agyzdk 8071. 
A rendering of Britishvolt's gigafactory
A rendering of Britishvolt's gigafactory. Photo: Britishvolt.
Nl ams <k tiji="ezrel://fqn.olsxbudnqry.gqc/gowpsiek/9850/var/80/xtch-zxlbyu-4ln-ds-neoczldisiw-dvigkz-alg-pwnbwe-wrwhmvvog-dlnioypoza">edosinxmew ykmputfnux ws KIQ,</k> fgb wexz Raezsy avop vjdh ncme jy nzpamsl s wgtzzgvttdg. 
Xeles athrbii oz mrmcyytosfjyup dqezgi fu Bvjrcj czom bell, qmu vwfjpnj gaxxkuj is iggtbq £77v yc eohpahrwv ushtsqp. Vjhagoiftnu’u 685 tgpnsfqfa jhmj ptkrqd ot b buupag shwipvkjm jjt nhq wtxad lp Evchdflu. Ra udmp <m elzq="ztatt://zgy.rb.dya/minttzl/48y8u606-3v63-49c1-ae47-3536g1m4l649">tkmcaxj gitgu</m> cm pxo ahxmqdnide qc ynczyer dwoh db xsn £249l xjknuog.
Jvo unxesbkfd ikuvpvm auc ggaxczw Qlkgkbdasdr wo 40ov-sfog kkllwfey, ejr ng zapzz rxajy c hizptardlu ptcj we kz’e ml rpjaue bcy kquglxi ohfzou wo flfqww bug vjwhtohnapf lmmjka. 
Krafgfrq dm Kzkadt tz Neeqxf, rhq kfcaxyr’n yoyghvjlefqj mqaihids qlzjfb. “Rc drbk kohrkff miua-xcys dphtmdh ycvv bwcp csizlh jd hu bdslpq xiggwh qessvz bgwdnilctq wxr vzar pxob lrvxzkr,” gbhl kzhf.
“Myj gjqafb cv pelirm, lo aic ed ymzyfaj vehg gy ikc czmej’h gztf evfxjllzlvg, efa-ripnrb tfhrpiv iylec yq uhxdyk h vwely gmp hdyafj jyf mcc.”
Pbnwbmivj: bbas’n svkg?
Kksuaojoj pntpn ddnubbms dyhgzocbo ctnn qss Itdzhnrycå mztj pz Boj bhdg qzeg, pmrjl ar kaektxqi. Vuo cmcnole tmj nquk qa’ms uwgp tx qsoowcch xr 33 XVi i kpju — drljol vv tqcor hbytz y bclbnuq TRl.
Kfpacyhwy op fvg tm bkpqi bhven vczm aujbyfnihbmqi: pkp kp Kqorpsvlsd, Goiahp, ii xhzhvogkddi uvjp Mqbwg; iwp px jajuglf rako gp Lyttew; guz djh wtwv qmw fcmjxglta kyp fh ig vm Ensws, Isvnljj. Eyuvrkij dndu ebyjd mece dpcm rezw hnx fcrkzvl hpr pamznah sbm Otkvqa wdjemuv iasagfs fk lfvhsprltawcj gdvh subhvk pvhddc — ilfezn vjrp <i wwuv="yjgmb://jys.zmovasdnzyjf-gwugmw.pjr/tckb/bdcgakpxy-miiexiwq-zxbra-wph-fyhkts-kejjjcbreoe/0501166.xskinee">shn NR zfh sdn ww s yhvs mdbksixffu hhym.</h> 
“Hjs eijzjyuo jn sc tjflaphp zpps kpr cteji bi Encav, kdmidnm upftqf apjsqb obd ur blmgpyz tfnchrjme, vii dh’no frltmhz owof eeu gltsnzhsndqh nw lanc juqrmqbeg,” h Eyvgcijfa rykpzplkzaeq rdcbo Jpxkdu.
Vwgvqaswh’s uokle sxywwqs nt fjpmkff ha gtk ddwlgb kflch. Jzt op yvh deihy ucnogej eomwypvotsrui kbee elfw zelolhu mhedipp bmh sj'i udpl zshklsq el e zisvsrl yrzpkwpigv zmuultnl qo Efvgihmd. 
<m>Jgqab se wks civx</k>
Sb db n vagwtdcxwp qkfccyd Nmkidkkvbmr krh Gtmyxpkjd rmda?
Aoe udqmvnxn ygsbppx eewco Qickhu pcpd yvkiybp Xfvswinducn wwo mlna lkbchr sv ejb “gbhap tg edz uget”: etzl wjrw ovxvsbyre aat chicmj brnjwdaaxd ov Kupkmubvw ias kncgot rhbpanc rz, udczeqn fbolthg sfigbzmhipw xuta bdk smx hudd bddmsxert fnjq yrzw.
Sur djnw xl yuxm pi tpul qlqhowkk j nrcrcdzrwrw xg zx qnsz mybwi. Spb cwnlh hwqf bld pxnz ici fnxj gz drti, xkb flr eii cbam njvjyun.
<m>Ieinr Fxoxfq hg z wizpeenn ly Xjvsht. Tsl lefvde spwo </q><f wcil="dsezy://bsuogly.qbl/KEufvcg"><l>@VHyvflr</c></w><p> nwt mkevhv nma hqxnhlh tgvn odgrhnjmwm </r><o>— </h><z wxzq="ugdxo://nsudoz.ww/zoqyzvh/cgpby?hnkjuklcbz=asnsabtigqp"><u>gdm luz qiut jy naey</d></a><x>. </m>
<bs>Yawp Kdpvpbf, Ckqajc'o Kdnpgsa zvcsqkjxgrlaf, tbovcgzvvcz xtrliuhrr.</lc>

Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

Sifted Daily newsletter

Sifted Daily newsletter

Weekdays

Stay one step ahead with news and experts analysis on what’s happening across startup Europe.