April 29, 2021: Fluence, the energy storage and technology company created by Siemens and AES, has teamed up with Swedish battery start-up Northvolt to develop grid-scale battery storage technology, the firms announced on April 21.
The two firms will work together using Northvolt batteries and management systems optimized for Fluence’s energy storage technology — lowering the total cost of ownership, the firms say.
“The agreement provides Northvolt with an unmatched channel to deliver systems to the global market and expands Fluence’s supply chain to include the leading European-based battery manufacturer,” the firms said.
Northvolt is also developing recycling capabilities, it says.
Northvolt is expanding its manufacturing facilities in a number of countries, not least Poland, where the firm in February said it would build the largest factory in Europe for energy storage systems.
The company said it would spend $200 million on expanding its factory in Gdansk to an ultimate battery system manufacturing capacity of 12GWh.
Production should begin in 2022.
Last July, Northvolt signed a deal with BMW to make batteries at a gigafactory in Sweden, which it is building and should start producing batteries in 2024.
The factory, in Skellefteå, will have a starting battery production capacity of 32GWh with the potential to expand to 40GWh.