Swedish energy storage business Northvolt today announced it acquired the US-based battery technology business Cuberg. Therefore, the company will establish an advanced technology center in Silicon Valley-based on the Cuberg acquisition. Besides, the firm is actively hiring top battery industry talent to support these efforts.
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New advanced technology center
Northvolt, a Swedish energy storage business, announced Thursday it acquired the US-based battery technology business, Cuberg. Accordingly, this acquisition will help Northvolt establish an advanced technology center in Silicon Valley.
Therefore, the firm is actively hiring top battery industry talent to support these efforts. In fact, Cuberg currently delivers high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.
Besides, the new center will accelerate the lithium metal cell development and optimize the technology for automotive applications. It will also focus on materials research and development for best-in-class lithium-ion anode and electrolyte technologies.
Thus, the center will enable Northvolt to engage and partner with the leading technology companies and universities in Silicon Valley. Furthermore, to bridge ongoing research efforts between Europe and North America.
Moreover, it will serve as a test platform for different methodologies. Hence, the center will leverage digitalization, artificial intelligence, and machine learning.
In fact, Cuberg spun out of Stanford University in 2015, intending to commercialize next-generation battery technology. This, based on a liquid electrolyte combined with a lithium metal anode.
Furthermore, it serves numerous innovative mobility companies, including Boeing, BETA Technologies, Ampaire, and VoltAero.
About Northvolt and Cuberg
The company’s investors and financial backers include Boeing HorizonX Ventures, Activate.org, the California Energy Commission, the US Department of Energy, and the TomKat Center at Stanford.
Northvolt chief executive and co-founder Peter Carlsson said: “The Cuberg team has exceptional ability to develop world-class technology. Moreover, “it has an outstanding customer base in a lean and efficient organization.”
“Combining these strengths with the capabilities and technology of Northvolt allows us to make significant improvements in both performance and safety. All of this, while driving down the cost even further for next-generation battery cells.”
Additionally, “this is critical for accelerating the shift to fully electric vehicles. Also, for responding to the needs of the leading automotive companies within a relevant time frame.”
Indeed, Cuberg’s batteries, based on electrolyte technology for lithium metal anode, are optimally designed for commercialization. Accordingly, the cells deliver more than 70% increased range and capacity versus comparable lithium-ion cells; designed for high-rate electric aviation applications.
Building on this foundation, both companies will mature their automotive and industrial product portfolio. Moreover, the firms aim to industrialize cells in 2025 that exceed 1,000 Wh/L.
Finally, the company will deploy the new technology at scale in electromobility markets within three years, beginning with electric aviation.