Lyten announced on August 7, 2025, that it has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany, along with all remaining Northvolt intellectual property. The transaction includes Northvolt Ett and Ett Expansion in Skelleftea, Sweden; Northvolt Labs in Västeras, Sweden; and Northvolt Drei in Heide, Germany.
According to Lyten, the acquisition is intended to support its broader strategy of supplying clean, locally sourced, and locally manufactured batteries and energy storage systems in North America and Europe. The company said the assets and Swedish workforce will help accelerate its plans at a time when demand for lithium-sulfur batteries is rising, including demand tied to energy independence, national security, and data center applications.
The Swedish government welcomed the deal, with Deputy Prime Minister Ebba Busch describing the acquisition as positive for Sweden, former Northvolt employees, and Europe’s energy independence. Northvolt’s bankruptcy trustee, Mikael Kubu, said the agreement helps avoid a full shutdown of the assets and creates an opportunity to continue battery production and preserve value during the bankruptcy process.
Lyten said it plans to restart operations immediately after closing at Northvolt Ett and Northvolt Labs, and it is also working to restart Northvolt Dwa in Poland, which Lyten previously announced it would acquire. The company said discussions with Northvolt’s former anchor customers are progressing constructively.
At Northvolt Drei, Lyten said it is working with Northvolt and the German government to continue the plan for a battery manufacturing facility near Heide in Schleswig-Holstein with 15 GWh of initial capacity. Lyten also said it remains committed to pursuing the acquisition of Northvolt Six in Quebec, Canada, where a 15 GWh Phase 1 battery manufacturing facility is under construction.
Lyten previously acquired Northvolt’s Cuberg battery manufacturing facility in California, Northvolt’s BESS product and intellectual property portfolio, and the Northvolt Dwa manufacturing site in Poland. The company currently manufactures lithium-sulfur batteries in Silicon Valley and says it is selling into drone and defense markets, preparing a launch to the International Space Station, and developing a multi-billion-dollar BESS pipeline.
Source: Northvolt
