September 26, 2017 | News Brief | ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment.
Northvolt is going to build Europe’s largest and most advanced lithium-ion battery factory in Sweden. Supported by ABB’s industrial automation expertise, integrating robotics, machine and factory automation, electrification and ABB Ability, ABB’s unified, cross-industry digital offering, into one overall solution, the factory will supply European customers in the automotive and key industries with high quality and customizable battery solutions. The factory is expected to start production in 2020. A demonstration-line will be ready by 2019 and will allow Northvolt to continuously optimize products and processes.
The Energy Revolution has spurred the use of renewable energy sources and lowered the reliance on fossil fuels. Electrification and storage are the keys to a carbon neutral society. The shift to e-mobility alone will drive the need for batteries to new heights. The ability to store energy is also crucial to free the world’s energy generation and distribution from fossil fuels in a phased manner.
Both partners have agreed on a technology collaboration to drive innovation in battery technology in areas such as production platform, cell and module design, and battery performance. The companies intend to have a close collaboration on development of battery solutions for mobile and stationary applications, including the potential sourcing of batteries.
“We see great potential in partnering with Northvolt to develop environmental friendly solutions for utilities, industry as well as infrastructure & transportation. This is a true milestone for us and our customers in our aim for a fossil fuel free society, especially here in Sweden,” said Johan Söderström, MD ABB Sweden.