The European Investment Bank (EIB) said on 15 May that the Bank has given its in-principle agreement to support Northvolt’s gigafactory for lithium-ion battery cells in Skellefteå, Sweden, by a loan of €350 million.

Upon the conclusion of a loan agreement, the financing would be supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, the EIB said.

European Commission Vice-President for the Energy Union Maroš Šefčovič reminded that...

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