US-based company Lyten takes over Northvolt's manufacturing facility in Poland
In a strategic move aimed at expanding its presence in Europe, materials technology company Lyten has agreed to acquire Northvolt Dwa ESS, a 25,000 square meter production, research, and development facility for stationary battery energy storage systems (BESS) in Gdańsk, Poland.
The acquisition comes as Northvolt, a European battery manufacturer, is undergoing significant financial distress. The company filed for Chapter 11 bankruptcy in the United States in November 2024 and subsequently declared bankruptcy in Sweden in March 2025. As part of its strategic restructuring and bankruptcy proceedings, Northvolt decided to sell its Northvolt Systems business unit, which includes the large battery ESS manufacturing operation in Gdańsk.
Lyten, a company specializing in supermaterial applications including lithium-sulfur batteries, will take over the battery ESS manufacturing operation from Northvolt. The transaction is expected to close in the third quarter of 2025.
Dan Cook, CEO and co-founder of Lyten, views the acquisition as a strategically important step. "This acquisition will accelerate the expansion of Lyten's technology in Europe and aligns with local economic development goals in Gdańsk to boost competitiveness, foster innovation, and create R&D partnerships with universities," he said.
The Gdańsk facility, opened in 2023, has a capacity of 6 gigawatt-hours, with the potential to expand to 10 gigawatt-hours. Until the production switch to lithium-sulfur technology is complete, Lyten plans to fulfill existing customer orders, which extend until 2026.
Lithium-sulfur batteries, which Lyten specializes in, have a higher energy density and lower weight compared to conventional lithium-ion batteries, making them suitable for aviation. In fact, European automaker Stellantis used lithium-sulfur batteries from Lyten in the Chrysler Halcyon Concept, although this project is still in the study phase. Lyten also commercially supplies its lithium-sulfur batteries for drones.
It is worth noting that Stellantis has been invested in Lyten since 2023. The details of the takeover from Northvolt have been agreed to be kept confidential by both parties. The production plant in Skellefteå, Sweden, which is Northvolt's headquarters, must be stopped. However, a German site in Heide, owned by Northvolt, remains in the insolvency mass, but there is still hope for the project.
This sale reflects Northvolt’s need to consolidate and raise funds amid financial challenges, while Lyten leverages the opportunity to strengthen its position in advanced energy storage technologies. The acquisition aims to boost Lyten's production capacity in Europe and aligns with local economic development goals in Gdańsk to foster innovation and create R&D partnerships.
[1] Northvolt Faces Insolvency and Seeks Sale or Reorganization, Reuters, March 2025. [2] Northvolt's Financial Woes and the Impact on Sweden, The Local, March 2025. [3] Gdańsk Boosts Competitiveness with Lyten's Lithium-Sulfur Battery Manufacturing Facility, Gdańsk Business News, April 2025.
The strategic acquisition of Northvolt Dwa ESS by materials technology company Lyten marks a significant step towards expanding their presence in Europe, particularly in Gdańsk, Poland. This move also enables Lyten to strengthen its position in advanced energy storage technologies, given Northvolt's financial difficulties.
The acquisition not only increases Lyten's production capacity, but also aligns with local economic development goals in Gdańsk, fostering innovation and creating R&D partnerships, as stated by Dan Cook, CEO and co-founder of Lyten.
