Norwegian partnership invests big in battery plant

Elkem, Hydro and Altor are investing via company Vianode roughly EUR 190m in a new factory to supply sustainable battery materials. The project’s second phase will see production surge several hundred times over.

Photo: PR Vianode

Norwegian industrial park Herøya is set to grow even larger looking forward.

The owners of company Vianode – Elkem, Hyrdo and Altor – have decided to invest NOK 2bn (EUR 190m) in building a new factory to produce graphite used to make battery anodes, expectedly enough to equip around 20,000 electric cars annually from 2024.

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