EU's InnovFin has backed a 52.5 million EUR loan for Northvolt battery factory

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Jul 31, 2017
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The European Union Finance has a facility called the Innovator's Energy Demonstration Projects which will be backing a loan to Northvolt in order to build a demonstration plant to manufacture lithium ion batteries. Northvolt is an off-shoot of two ex Tesla Gigafactory employees, now CEO Peter Carlsson and COO Paolo Cerruti. Their goal is to generate 32 GWh of battery capacity every year.

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http://northvolt.com/
 
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