Analysis

May 18, 2023

Inside Northvolt’s plan to tap Portuguese white gold

Battery makers are racing to shore up their lithium supply; but not everyone is happy about Portugal’s increasingly starring role


Freya Pratty

7 min read

A slice of scrubland in southern Portugal, a stone’s throw away from the city of Setúbal, could play a central role in Europe’s green transition. It’s where battery maker Northvolt is building its first lithium refinery, to purify and process a metal so critical for EV batteries that it’s dubbed "white gold" by the climate tech world.

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A photo of shrubland with a dark sky
The Aurora site in Portugal
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Headshot of Paolo Cerruti, Northvolt cofounder and supply chains lead
Paolo Cerruti
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Cars parked at Setubal port
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An image of a railroad
A railroad near the Aurora site
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Freya Pratty

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

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