Silicon Valley start-up Lyten has announced today that it will acquire Northvolt‘s lithium-metal battery plant in San Leandro, California.
The Stellantis-backed start-up purchased the facility from Northvolt’s advanced technology group, Cuberg, which became fully-integrated to the parent company in August.
Lyten’s Chief Battery Technology Officer, Celina Mikolajczak, said:
“We are thrilled for the opportunity to continue the buildout and expansion of the San Leandro facility to accelerate delivery of Lithium-Sulfur batteries to customers. The facility further demonstrates our strategy for building US leadership in the manufacturing of next generation batteries and will enable Lyten to scale our domestic materials supply chain more quickly.”
The deal comes after a tumultuous year for Northvolt as the Swedish battery-maker struggles to secure financial aid. The Swedish government denied to provide investment support for Northvolt back in September.
Lyten has said it intends to convert the facility to lithium-sulfur and make additional equipment investments of up to $20 million in 2025, with commercial production estimated to begin in late-2025.
Dan Cook, Lyten’s CEO and co-founder, said:
“The acquisition of additional manufacturing capacity for Lithium-Sulfur is in direct response to fulfilling customer demand more quickly.”
The purchasing agreement estimates to give Lyten the capability of manufacturing up to 200 megawatt-hours of lithium-sulfur battery production in the Bay Area.
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