Lyten, a leader in lithium-sulfur batteries, has entered into a binding agreement to acquire Revolt, one of Europe’s largest fully integrated battery recycling plants, located in Skellefteå, Sweden. The site, formerly known as Northvolt Revolt Ett, processes lithium, cobalt, nickel and manganese with an installed capacity of 8,500 tonnes per year and is powered entirely by fossil-free energy. The facility sits adjacent to Lyten’s Ett gigafactory and includes licenses to key recycling technologies.
This transaction follows Lyten’s closing of its acquisition of Northvolt Ett and Northvolt Labs in late February and further expands the company’s Industrial Hub in Skellefteå. Financial terms were not disclosed. The acquisition is expected to be completed in the second quarter of 2026, subject to customary legal and regulatory approvals in Sweden. Funding will be provided through Lyten’s existing equity investments.
Dan Cook, Lyten’s CEO and co-founder, noted that the Revolt site is a critical component in advancing Europe’s battery supply-chain independence and aligns with the company’s goal of reducing reliance on newly mined minerals. He added that Lyten is evaluating partnerships to restart and scale recycling operations at the Industrial Hub.
Building on its recent acquisitions, Lyten is also reviving lithium-ion battery manufacturing at the former Northvolt Ett location. In parallel, the company has signed an agreement with EdgeConneX to acquire a data center site in Skellefteå, with potential capacity up to 1 GW—positioning it among the largest data center developments in Europe.
Founded in 2015, Lyten specializes in lithium-sulfur batteries and advanced 3D graphene materials. The company has raised over $625 million in equity, secured letters of intent for $650 million in financing from the U.S. Export-Import Bank, and holds more than 550 patents. Lyten manufactures batteries domestically in San Jose, California, for drone, autonomous system and defense applications, and operates Europe’s largest battery energy storage systems facility in Gdańsk, Poland. Its 3D graphene platform also supports products in construction, additive manufacturing, motorsports and defense.
Lyten has been recognized by Fast Company as one of the most innovative energy companies and featured on Time magazine’s list of America’s Top Green Technology Companies for three consecutive years, as well as in Silicon Valley Defense Journal’s Top 100 National Security Companies.
Source: Lyten Press Release
