World : ABB And Northvolt Partner for Europe’s Largest Battery Factory

ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment.

Northvolt is going to build Europe’s largest and most advanced lithium-ion battery factory in Sweden. Supported by ABB’s industrial automation expertise, integrating robotics, machine and factory automation, electrification and ABB AbilityTM, ABB’s unified, cross-industry digital offering, into one overall solution, the factory will supply European customers in the automotive and key industries with high quality and customizable battery solutions. The factory is expected to start production in 2020. A demonstration-line will be ready by 2019 and will allow Northvolt to continuously optimize products and processes.

 

Source : http://markets.businessinsider.com/news/stocks/abb-and-northvolt-partner-for-europe-s-largest-battery-factory-1002556898

SMART GRID Bulletin November 2017


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