Northvolt, a Swedish battery maker, has secured a record $5 billion green loan to expand its factory in northern Sweden. The loan is the largest ever raised by a climate tech company in Europe. The company's clients include BMW, Volvo Car, and Volkswagen. The expansion aims to bolster production and recycling efforts, with a focus on recovering battery-grade metals with a lower carbon footprint. This significant investment reflects Europe's leadership in investing in climate tech, with over $20 billion invested in climate protection start-ups last year.
#News in @BusinessInsider 🌍 📰 Nature underpins much of the global economy... investors are piling into start-ups protecting it With nature underpinning around half of the world’s GDP, VC investors are betting on start-ups that make it easier to measure and track biodiversity.…
Northvolt secures a landmark $5 billion, largest green loan ever in Europe https://t.co/nS9BfqOMBe
Battery maker Northvolt signs $5 billion non-recourse project financing to expand Northvolt Ett's cathode, manufacturing, & recycling plant in Sweden. The recycling plant recovers battery-grade metals with a carbon footprint 70% lower than mined raw materials #lithium #circular
Battery manufacturing start-up @northvolt, which is based in Stockholm, has raised $5bn in debt financing to majorly expand its factory in northern Sweden. https://t.co/Hrp9F2lo2S
Sweden’s Northvolt raises $5bn to expand battery gigafactory https://t.co/Hrp9F2kQdk
#News in @faznet 🇩🇪 📰 Europe is taking the lead in investing in climate tech 🌱 Investment in climate protection start-ups in Europe again reached more than $20 billion last year, with European companies able to maintain the levels of funding and account for the largest share…
Sweden's Northvolt raises $5 bln green loan to expand battery factories https://t.co/9OzSoxnJdc https://t.co/JEoSvnVhNH
Northvolt, the Swedish battery maker that counts BMW, Volvo Car and Volkswagen among its clients, secures a $5 billion green loan to bolster production and expand recycling efforts https://t.co/pHBzzDzC1t
NEW: @northvolt has secured a $5bn loan to expand its factory in northern Sweden. It’s the largest loan raised by a climate tech company in Europe to date. https://t.co/p8iSprhIzC #climatetech #nordictech https://t.co/SQLqYWh5KP
The battery giant will use the capital to expand its Swedish factory Northvolt secures Europe’s largest green loan ever at $5bn https://t.co/jjmMJy4jZu