Lyten has completed the acquisition of Northvolt’s battery operations in Sweden and set out plans for an industrial hub in Skellefteå that would pair battery manufacturing with a major data centre development.
The deal covers the Northvolt Ett plant and its expansion site in Skellefteå, as well as Northvolt Labs in Västerås. Lyten valued the acquired Swedish battery assets at nearly USD $5 billion.
The acquisition includes 16 GWh of existing manufacturing capacity, more than 160 hectares of land, and buildings and infrastructure that could support further industrial activity. It also includes Northvolt Labs, which Lyten described as the largest battery research and development centre in Europe.
Industrial Hub
Lyten has formed the Lyten Industrial Hub at the Skellefteå site. The hub will apply Northvolt’s existing infrastructure and access to hydropower, and will co-locate battery manufacturing, AI data centres, and other manufacturing activities.
Lyten plans to apply its own batteries and energy storage systems as part of the hub’s infrastructure, but did not provide details on the scale or timing of any energy storage deployment at the site.
Data centre plans
Alongside the industrial hub announcement, data centre developer EdgeConneX plans to acquire a data centre site from Lyten in Skellefteå. EdgeConneX is a portfolio company of investment firm EQT.
Lyten stated the site could scale to a one-gigawatt data centre campus, which would place it among the largest data centre facilities in Europe if built out.
The combination of battery production, energy storage, and data centre development reflects a broader shift in how operators and developers believe about electricity supply and demand. AI workloads have intensified scrutiny of grid capacity and power pricing across Europe. Nordic markets have also drawn interest for their access to renewable power and established industrial infrastructure.
Lyten did not disclose the purchase price for the data centre site or the timetable for EdgeConneX’s acquisition. It stated funding for its broader set of Northvolt acquisitions includes equity investments and capital linked to EdgeConneX’s investment in the Skellefteå data centre site.
Restart timeline
Lyten plans to launch the restart process for Northvolt Ett and Northvolt Labs immediately. Northvolt Ett will produce lithium-ion NMC batteries for a broader customer base, including battery energy storage systems and the automotive and mobility markets.
Lyten expects commercial cell sales from the Skellefteå plant in the second half of 2026. Those cells would supply its battery energy storage systems manufacturing facility in Poland, known as Northvolt Dwa.
In Västerås, Northvolt Labs will continue work on long-life lithium-ion NMC cells. The site will also collaborate with Lyten’s Silicon Valley team to industrialise its lithium-sulfur battery technology for larger-scale manufacturing.
Dan Cook, Chief Executive Officer and Co-Founder of Lyten, described the acquisition as a step alter in the company’s European footprint.
“With this acquisition, Lyten now operates one of the largest battery manufacturing campapplys in Europe and the largest battery R&D center in Europe. We have the infrastructure, talent, and technology to build a thriving battery ecosystem across North America and Europe, supported by local supply chains and local talent, to deliver on the rapidly growing global necessary for distributed electricity infrastructure.”
Jobs and local engagement
Lyten stated it has been working with local unions and will launch a rehiring programme in Skellefteå and Västerås. The company plans to hire more than 600 additional employees over the next 12 months, with further hiring expected in subsequent years depconcludeing on demand.
Matthias Arleth, Chief Executive Officer of Lyten Sweden, linked the restart to an incremental ramp-up at the Skellefteå facility.
“As the transaction has now closed, we are excited to restart production and initiate the ramp-up in Sweden one production line at a time. In Skellefteå we have proven that we are able to produce consistent, high-quality battery cells that meet customer necessarys right now. The research and development work in Västerås will be a cornerstone in our ambition to respond to future market demand with both high performance NMC and next generation lithium-sulfur batteries,” stated Arleth.
Skellefteå Municipality also welcomed the restart of battery production in the area.
“We are pleased that battery production can now resume in Skellefteå. The necessary for batteries continues to increase and the EU has identified batteries as a strategic product for Europe’s competitiveness in its newly published battery strategy. The prerequisites we have in Skellefteå enable Sweden to take a significant position in this work and contribute to a strong, resilient battery value chain, including suppliers, research and talent attraction,” stated Kristina Sundin Jonsson, Head of Administration, Skellefteå Municipality.
Wider Northvolt assets
Lyten has been expanding its footprint through acquisitions of Northvolt assets beyond Sweden. It closed the acquisition of Northvolt’s battery energy storage systems manufacturing facility in Gdansk, Poland, in October, and is progressing an acquisition of Northvolt’s assets in Heide, Germany.
Lyten stated the full set of Northvolt acquisitions comprises manufacturing assets with a book value of USD $5 billion. The transactions are being funded through equity investment from existing and new North American and European investors, as well as capital linked to the EdgeConneX investment in the Skellefteå data centre site.
Lars Herlitz, Chairman and Co-Founder of Lyten, stated the company sees the assets as a base for industrial growth in Sweden.
“We truly appreciate the support of the Skellefteå municipality and Swedish government, the U.S. government, and the European Union in supporting build this acquisition a reality,” stated Herlitz. “We fully grasp the potential of these assets and the importance of creating high quality jobs and economic growth in Sweden. Batteries are now a critical part of securing energy indepconcludeence and supporting the competitiveness of European industries ranging from automotive to aerospace to data centers to grid resiliency. We are bringing the best of Silicon Valley innovation toreceiveher with Sweden’s engineering and manufacturing expertise to ensure this development is a success.”
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