As Northvolt assembles its first battery systems at Northvolt Dwa in Poland, the company today announced the raising of $1.2 billion to finance plans for its further European and North American expansion. The funding is an extension of the $1.1 billion convertible note signed in July 2022, and has attracted investment from funds labeled dark green in accordance with Article 9 of the EU’s Sustainable Finance Disclosure Regulation (SFDR). Leading the extension are the Investment Management Corporation of Ontario (IMCO), BlackRock and Canada Pension Plan Investment Board (CPP Investments), as…
Read MoreNorthvolt raises $1.2 billion convertible note as first energy storage systems are produced at Northvolt Dwa
