Northvolt to build gigafactory in Germany after state aid pledge

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Northvolt, Europe’s biggest battery maker, has confirmed that it will build its next gigafactory in Heide, Germany, following the federal government’s pledge to provide state aid. The announcement comes after several months of uncertainty. In March 2022, the Swedish manufacturer and the German state of Schleswig-Holstein signed a memorandum of understanding to construct a factory in the region. But in October 2022, Northvolt said it might postpone the plan and priotirise a US expansion instead — unless the EU was willing to match the IRA’s loftier subsidies for green technologies. In response, the German government has now confirmed it’ll fund…

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