The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

European Investment Bank to support Northvolt's battery gigafactory in Sweden

Contributed by NAMPA / Xinhua.

BRUSSELS, May 16 (Xinhua) -- The European Investment Bank (EIB) gave its approval in principle on Thursday to help finance Europe's first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden.
The batteries from Northvolt Ett's batteries are used in automotive, grid storage, and industrial and portable applications. Ramping up to full capacity, Northvolt Ett will produce 32 GWh of battery capacity per year.
"The development of a competitive and green battery value chain ...

 

Subscribe


© Copyright NAMPA Wednesday 22nd of May 2019 09:03:11 PM. All rights reserved.