Northvolt and Stora Enso have entered into a Joint Development Agreement to create a sustainable battery using lignin-based hard carbon produced with renewable wood from Nordic forests.
Both companies bring key components, competence and expertise to the battery partnership. Stora Enso will provide its lignin-based anode material Lignode, originating from sustainably managed forests, while Northvolt will drive cell design, production process development and scale-up of the technology.
Great example of the mutural benefits that can be unlocked with partnerships
“The Northvolt – Stora Enso partnership is an important step towards securing a European battery supply chain, and an evolution which will make our batteries both more cost-efficient and sustainable. It is another great example of the huge mutual benefits that can be unlocked with the right partnerships,” says Carl-Erik Lagercrantz, Chairman of Northvolt.