The European Bank for Reconstruction and Development (EIB) said on February 12 that it has approved a loan request from Northvolt AB for the construction and operation of a first-of-a-kind demonstration plant in Västerås, Sweden for the manufacturing of li-ion batteries.

The loan, which could reach  €52.5 million, is set to be supported by the European Commission through InnovFin, under the “Energy Demo Projects” (EDP) Facility, the EIB said.

European Commission Vice President for the Ener...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now