After Northvolt, Europe's battery path leads to China — or new tech frontiers

Northvolt's failure is a severe blow to the green dream in Sweden. Now the company Stegra, formerly H2 Green Steel, in Boden is stepping forward with its green steel as a new hopeful entrant. At the same time, they face the same risks that became Northvolt's downfall.

After Northvolt, Europe's battery path leads to China — or new tech frontiers

Fuelled by $15bn in financing, Northvolt was supposed to be Europe’s great battery success story — a homegrown champion capable of competing with Asian and American giants.   So when Northvolt filed for bankruptcy last week, after months of job cuts, restructuring, and multiple failed attempts to raise more money, it dealt a massive blow to Europe’s ambitions to ramp up domestic production of lithium-ion batteries, which power everything from EV…

The end of the Northvolt saga does not paint a flattering picture of the new rise of European industry, writes journalist Sanna Pekkonen.

Northvolt's batteries were discharged before the company even got started. The green rush turns into a hangover. Is Finland learning any lessons from this mass hysteria?

Many questions remain about the insolvency of the battery manufacturer Northvolt. After some members of the state parliament had access to files, some papers are now to be published.