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...


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