Lyten becomes preferred bidder for Morrow Batteries operations
The acquisition would establish a new European manufacturing hub in Arendal, expanding Lyten's industrial footprint alongside facilities in Sweden and Poland pending final approvals.
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Energy storage, critical infrastructure, and advanced materials company
lyten.comLast updated
In short: Lyten restarted Northvolt's Skellefteå plant, won preferred bidder status for Morrow and planned a Polish data hub
The acquisition would establish a new European manufacturing hub in Arendal, expanding Lyten's industrial footprint alongside facilities in Sweden and Poland pending final approvals.
The MoU includes KfW, Northvolt Drei Project, and LG Batterie; the 110-hectare site near Heide, Germany, had groundwork and utility infrastructure.
Acquired Northvolt assets to build an industrial hub combining battery manufacturing with AI data centers powered by hydroelectric energy.
Acquired from Northvolt's assets, it integrates batteries, power conversion, inverters, and software into a scalable plug-and-play power management platform.
Northvolt buyer Lyten expects battery deliveries in early next year and around 600 employees during 2027, writes SvD Näringsliv. "Everything is going according to plan, or slightly..."
✅ March 2026 - Lyten entered into a binding agreement to acquire Northvolt's Revolt Ett battery recycling facility in Sweden, adding an 8,500-tonne-per-year recycling site...
In an interview with Dagens Nyheter at Lyten Labs in Västerås, Lyten co-founder Lars Herlitz sets out his plans for the former Northvolt factory...
Lars Herlitz, chairman of the board at Lyten, states that the company is making a significant profit already this year without interest-bearing debts.
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