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Analysis

October 2, 2024

Majority of Northvolt’s government funding has never hit its bank account

Sweden, Germany, Canada and the European Union have all pledged funds to Northvolt


Freya Pratty and Mimi Billing

5 min read

Olaf Scholz and the Northvolt team. Photo: Northvolt

Governments have pledged more than €2.7bn to Swedish gigafactory manufacturer Northvolt over its lifetime — but only €531m of that is confirmed to have hit the company’s bank account, Sifted has learnt. 

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The EU approves Northvolt’s state aid package
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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