Northvolt - Danica Pension
In 2020, Danica Pension invested approximately EUR 112m in Northvolt to support the development and construction of a lithium-ion battery gigafactory in Sweden. The investment helps accelerate the electrification momentum and the efforts to create a carbon-neutral transportation and energy sector.
When completed Northvolt will be a major European lithium-ion battery production facility, which will be supplying leading European car manufactures with batteries, thus supporting automotive companies in executing on their ambitious targets for the electrical transformation of their car portfolio (electric vehicles).
Furthermore, Northvolt’s batteries also support the significant demand for battery capacity to be used as energy storage systems for energy generated by renewable energy sources such as wind and solar power.
In addition to being 100% hydro and wind energy powered, the manufacturing plant aims for a zero carbon footprint through strict control of sustainability throughout the supply chain.