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Spotify founder daniel ek6/1/2023 ![]() ![]() The company then uses a process called hydrometallurgy to extract the metals, which returns them to battery-grade quality. Northvolt is left with a black powder called black mass, which contains nickel, manganese, cobalt, and lithium. Different materials, such as copper, aluminum, and plastic, are separated and given to industry partners for recycling. Northvolt's recycling process, which was dreamed up in 2018 and planned and tested in the following years, involves crushing, shredding, and filtering dismantled batteries. Going electric has long been touted as a key fix to the climate crisis, but batteries' start and end of life pose a big, dirty problem - something Northvolt wants to solve.Įmma Nehrenheim, the chief environmental officer at Northvolt. The startup is backed by many investors, including Goldman Sachs, Baillie Gifford, VC Norrsken, and Spotify's cofounder Daniel Ek.ĭemand for lithium batteries has surged since the advent of electric vehicles, which had a record-breaking year in 2022, accounting for 12.1% of the total market share for new cars in Europe. Northvolt, valued at $12 billion, was founded in 2016 by Peter Carlsson, a former Tesla vice president who dreams of making the world's greenest battery. ![]() ![]() The site, near the Arctic Circle, belongs to the battery-manufacturing startup Northvolt and sits next door to its well-established gigafactory, where it supplies automotive giants like BMW, Volkswagen, and Volvo. In the northern Swedish city of Skellefteå, 250 construction workers brave the cold every morning to build what's expected to be the largest battery-recycling facility in the world. For more climate-action news, visit Insider's One Planet hub. This article is part of " Gains in Green Tech ," a series showcasing some of the most transformative solutions to the climate crisis. Goldman Sachs, Volkswagen, and Spotify cofounder Daniel Ek have backed the $12 billion company. The startup, founded by a former Tesla VP, is building the world's largest battery-recycling plant. The Swedish battery maker Northvolt wants to fix electric vehicles' sustainability issues. A 3D rendering of what Northvolt's Revolt Ett recycling plant will look like upon completion. ![]()
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