Lyten, a global leader in lithium-sulfur battery technology, has entered into a binding agreement to acquire all remaining Northvolt assets in Sweden and Germany, marking a major expansion in its European footprint. The acquisition includes Northvolt Ett and Ett Expansion in Skellefteå, Northvolt Labs in Västerås, and Northvolt Drei in Heide, along with all of Northvolt’s remaining intellectual property.
“This is a defining moment for Lyten,” said Dan Cook, CEO and Co-Founder of Lyten. “These assets will significantly accelerate our mission to deliver clean, locally sourced batteries and energy storage systems in North America and Europe, just as demand is surging across sectors like AI data centers, national security, and energy independence.”
Sweden’s Deputy Prime Minister, Ebba Busch, welcomed the acquisition, calling it “a win for Sweden, for the former employees of Northvolt, and for Europe’s energy independence.” Busch confirmed that the Swedish government worked closely with Lyten and Northvolt’s bankruptcy trustee to support the deal.
Mikael Kubu, the appointed bankruptcy trustee, noted the importance of the agreement in avoiding a complete operational shutdown. “Lyten now has the opportunity to carry forward Northvolt’s vision of clean battery production, job creation, and European energy security,” he said.
The acquisition follows Lyten’s recent moves to secure other Northvolt assets. In November 2024, it acquired the Cuberg facility in California. In July 2025, Lyten acquired Northvolt Dwa in Poland, Europe’s largest Battery Energy Storage System (BESS) facility, and Northvolt’s BESS product and IP portfolio.
Lyten plans to quickly resume operations at the Skellefteå and Västerås sites. Collaboration with former Northvolt anchor clients is also underway. At the Heide-based Northvolt Drei site, Lyten is working with the German government to establish a facility with an initial 15 GWh production capacity. Talks are also ongoing for acquiring Northvolt Six in Quebec, Canada.
Currently manufacturing lithium-sulfur batteries in Silicon Valley, Lyten supplies the growing drone and defense markets and is preparing to launch its battery systems aboard the International Space Station. The company has a multi-billion-dollar global pipeline for lithium-sulfur-powered energy storage systems across more than 20 countries.
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