Siemens follows Vestas into new battery project

Europe will face a major storage deficit within a few years, warns Siemens. The company is both investing directly and committing itself to be large customer is the future of a Swedish project, which will use its own digitalization equipment.
Photo: PR Northvolt
Photo: PR Northvolt

The Swedish Northvolt project has landed yet another investor. Siemens has entered a partnership for the development of next-generation lithium-ion batteries. This is part being done via a EUR 10 million direct investment and also by indicating Northvolt as a preferred supplier as soon as production begins. In return, the Swedish company has committed itself to use Siemens' digitalization system.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading