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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lyten.comLast updated
In short: Lyten completed the acquisition of Northvolt assets in Sweden and announced major industrial hubs in Poland, Germany, and Nevada.
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.
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.
American Lyten, which bought Northvolt's operations in Sweden, will not start deliveries of battery cells in ...
Norran has been invited into Northvolt's former Skellefteå factory for the first time since Lyten took control. Test work has begun, recruitment...
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