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Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. The company was founded by Paolo Cerruti and Peter Carlson in 2016, in Stockholm, Stockholms Lan, Sweden.
The aim of the company is to provide the automotive industry with electric batteries, and to industrialize the recycling process of lithium-ion batteries. Its product is an environment-friendly battery manufactured with minimal carbon footprint and with recycling technology, which attempts to enable the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.
Northvolt is known for creating batteries with various characteristics, shapes, and sizes and producing them in small or large quantities. Their batteries are designed to minimize carbon footprints in recycling to allow Europe to transition to renewable energy. Their cells deliver customer proprietary chemistries, cell designs and form factors, and are available in modular components and scalable systems.