Lyten Completes Transformational Acquisition of Northvolt Sweden Assets
Lyten, a globally recognized innovator in lithium-sulfur battery technology and advanced energy storage systems, has finalized its acquisition of Northvolt Ett and Ett Expansion in Skellefteå, Sweden, along with Northvolt Labs in Västerås, Sweden. This landmark transaction significantly strengthens Lyten’s footprint in Europe and positions the company as the operator of one of the continent’s largest battery manufacturing campuses and its most advanced battery research and development center.
The acquisition includes 16 gigawatt-hours of existing battery production capacity, more than 160 hectares of industrial land, and extensive infrastructure and buildings designed to support large-scale manufacturing and expanded industrial operations. With these assets, Lyten immediately establishes a powerful European base capable of supporting both current lithium-ion production and the future industrialization of next-generation lithium-sulfur battery technologies.
Establishment of the Lyten Industrial Hub in Skellefteå
Alongside the completion of the acquisition, Lyten announced the formation of the Lyten Industrial Hub at the former Northvolt Ett site in Skellefteå. The hub is designed as a next-generation industrial ecosystem that integrates battery manufacturing with energy-intensive digital infrastructure and other strategically important industrial operations. Leveraging Sweden’s abundant and clean hydroelectric power resources, the site offers a unique opportunity to co-locate advanced manufacturing with AI-focused data centers and complementary industries.
Lyten plans to incorporate its own battery and energy storage systems into the hub’s foundational infrastructure, creating a vertically integrated environment where clean energy generation, storage, and high-performance computing coexist in a single, optimized campus. This model supports both Sweden’s national industrial ambitions and the European Union’s broader strategy for energy independence and digital competitiveness.
EdgeConneX Partnership to Develop One of Europe’s Largest Data Center Campuses
A key element of the Lyten Industrial Hub strategy involves collaboration with EdgeConneX, a leading global data center developer and portfolio company of EQT. EdgeConneX plans to acquire a data center site from Lyten in Skellefteå, with the potential to scale into a one-gigawatt data center campus. If fully developed, the project would rank among the largest data center facilities in Europe.
The integration of large-scale data center infrastructure with advanced battery manufacturing presents a compelling synergy: reliable, distributed energy storage systems can enhance grid stability and ensure uninterrupted power supply for hyperscale computing environments. This partnership underscores the strategic importance of combining clean energy, storage, and digital infrastructure within a single industrial ecosystem capable of supporting Europe’s accelerating AI and cloud computing demands.
Strengthening Europe’s Battery Manufacturing Leadership
With the acquisition completed, Lyten now operates one of Europe’s largest battery production campuses. The 16 GWh manufacturing capacity at Northvolt Ett provides immediate scale, while the extensive land and infrastructure offer significant room for expansion. Dan Cook, Lyten’s CEO and Co-Founder, emphasized that the company now possesses the infrastructure, talent base, and technological capabilities necessary to build a robust transatlantic battery ecosystem spanning North America and Europe.
By leveraging local supply chains and regional expertise, Lyten aims to address the rapidly expanding global need for distributed electricity infrastructure, particularly as electrification accelerates across transportation, industry, and digital services. The acquisition enhances Europe’s ability to compete in advanced battery production, reducing reliance on imports and strengthening strategic autonomy in energy storage technologies.
Immediate Restart of Production and Commercial Plans
Lyten has announced plans to immediately begin the restart process at both Northvolt Ett in Skellefteå and Northvolt Labs in Västerås. The Skellefteå facility will focus initially on producing lithium-ion nickel manganese cobalt (NMC) battery cells. These cells will serve an expanded range of customers, including battery energy storage system (BESS) integrators, automotive manufacturers, and diverse mobility sectors.
Commercial production is expected to supply Lyten’s BESS manufacturing facility in Poland during the second half of 2026. This facility, known as Northvolt Dwa, plays a critical role in Lyten’s European energy storage value chain. By synchronizing cell production in Sweden with system assembly in Poland, Lyten is building a cohesive regional manufacturing network designed for efficiency, resilience, and scalability.
Advancing Research and Development in Västerås
Northvolt Labs in Västerås, widely regarded as Europe’s most advanced battery R&D center, will continue to focus on the development of long-life lithium-ion NMC cells while also collaborating closely with Lyten’s Silicon Valley team. This cross-continental partnership aims to accelerate the industrialization of Lyten’s proprietary lithium-sulfur battery technology for gigascale manufacturing.
Lithium-sulfur chemistry promises significant improvements in energy density, safety, and sustainability compared to conventional lithium-ion technologies. By combining Sweden’s established engineering excellence with Silicon Valley’s innovation ecosystem, Lyten seeks to bridge research breakthroughs with large-scale production capabilities. The Västerås center will serve as a cornerstone of this strategy, ensuring that both incremental advancements in NMC chemistry and transformative progress in lithium-sulfur development are brought to market efficiently.
Workforce Rehiring and Expansion Plans
Lyten has been working closely with local labor unions to support a structured and responsible restart of operations. The company plans to launch a comprehensive rehiring program at both Skellefteå and Västerås facilities. Based on anticipated customer demand, Lyten intends to hire more than 600 additional employees over the next 12 months, followed by sustained recruitment in subsequent years as production ramps up.
This workforce expansion reflects Lyten’s confidence in long-term growth prospects and its commitment to revitalizing local employment opportunities. The company views talent development as central to building a competitive European battery ecosystem, emphasizing training, upskilling, and collaboration with regional educational institutions.
Local and National Support for Strategic Battery Production
The restart of battery manufacturing in Skellefteå has been welcomed by municipal and national leaders. Kristina Sundin Jonsson, Head of Administration for Skellefteå Municipality, highlighted the strategic importance of batteries within the European Union’s industrial agenda. The EU has identified battery production as a cornerstone of its competitiveness and energy transition strategy.
Recognizing the role of advanced storage solutions in supporting electrification and renewable integration.Skellefteå’s access to clean hydroelectric power, established industrial infrastructure, and skilled workforce create favorable conditions for Sweden to assume a leading role in Europe’s resilient battery value chain. This includes not only manufacturing but also supplier development, research collaboration, and international talent attraction.
Broader Northvolt Asset Acquisition Strategy
The Swedish acquisition forms part of Lyten’s broader strategy to acquire and revitalize key Northvolt assets across Europe. In October, Lyten completed the acquisition of Northvolt’s BESS manufacturing facility in Gdansk, Poland, further strengthening its integrated European production network. The company is also progressing toward acquiring additional Northvolt assets in Heide, Germany.
Collectively, these transactions represent manufacturing assets with a book value of approximately $5 billion. Funding for the acquisitions is being secured through equity investments from both existing and new North American and European investors, as well as capital generated through the data center site investment involving EdgeConneX. This diversified financing approach supports Lyten’s ambition to scale rapidly while maintaining financial discipline.
Strategic Importance of Energy Independence and Industrial Competitiveness
Lars Herlitz, Lyten Chairman and Co-Founder, emphasized the strategic significance of the acquisition for Sweden, Europe, and transatlantic cooperation. He expressed appreciation for the support provided by the Skellefteå municipality, the Swedish government, the U.S. government, and the European Union in facilitating the transaction. Batteries are increasingly recognized as essential infrastructure for energy independence, grid resiliency, and industrial competitiveness.
From automotive electrification and aerospace innovation to data center operations and renewable energy integration, advanced battery systems are central to modern economic development. Lyten’s strategy aims to merge Silicon Valley innovation with Sweden’s engineering and manufacturing excellence, creating a powerful cross-border partnership capable of delivering both technological leadership and high-quality job creation.
A New Chapter for Europe’s Battery Ecosystem
The acquisition and restart of operations in Skellefteå and Västerås mark the beginning of a new chapter in Europe’s battery industry. By combining large-scale manufacturing capacity, world-class research facilities, clean energy resources, and strategic digital infrastructure partnerships, Lyten is constructing a comprehensive industrial ecosystem designed for long-term resilience and growth.
The Lyten Industrial Hub represents more than a production site; it is a model for integrated, sustainable industrial development that aligns energy storage, digital infrastructure, and advanced manufacturing within a single collaborative framework. As global demand for distributed electricity infrastructure accelerates, Lyten’s expanded European platform positions the company to play a central role in shaping the next generation of battery innovation and industrial transformation.
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