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Share this article Share this article EINDHOVEN, Netherlands, June 9, 2021 /PRNewswire/ The $2.75 billion raised in equity enables Northvolt s expansion plan leading up to and beyond 150 GWh of deployed annual production capacity in Europe by 2030, and is a key milestone in Europe s industrial ramp up to achieve the European Green Deal objectives, EIT InnoEnergy has said today.   Responding to the need to increase annual battery production to meet growing demand for electrification, new capital from existing shareholders including EIT InnoEnergy, and new shareholders Sweden s AP 1-4 pension funds and Canada s OMERS, brings the total financing, in both equity and debt, raised by Northvolt to $6.5 billion.

United statesDiego paviaPeter carlssonMegain buchanAlexander hartmanEuropean institute of innovationEuropean solar initiativeEuropean green hydrogen acceleration centreEuropean battery allianceEuropean commission viceEuropean green dealEuropean commission vice presidentEuropean greenBattery allianceSolar initiativeEuropean institute