Analysis

June 27, 2024

Trouble at Northvolt: safety concerns, scrapped orders and a factory up in the air

Despite carrying the weight of Europe’s domestic battery hopes on its shoulders, all is not rosy at the Swedish gigafactory


Freya Pratty

7 min read

Northvolt, a company that, for many, symbolises climate tech.

Sweden’s Northvolt has long been the jewel in the European climate tech crown. It’s Europe’s best-capitalised battery manufacturer, was one of the first startups to get institutions like BlackRock, Goldman Sachs and Baillie Gifford to open their wallets and back the next generation of green tech. 

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Northvolt CEO Peter Carlsson
Northvolt CEO Peter Carlsson
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Northvolt's Borlange facility
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Northvolt's Ett facility.
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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

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