• Lyten, the global leader in lithium-sulfur batteries, announced it has entered into a binding agreement to acquire Northvolt Revolt Ett (“Revolt”), one of the largest battery recycling sites in Europe.
• The transaction follows Lyten’s recent closing of its Northvolt Sweden acquisition, with Revolt being an important addition to the Lyten Industrial Hub in Skellefteå.
• The transaction is expected to close in the second quarter of this year.

SAN JOSE, Calif., and STOCKHOLM, Sweden – March 13, 2026 – (Cision) Following the closing of its acquisition of Northvolt Ett and Northvolt Labs on 27 February 2026, Lyten announced today that it has entered into a binding agreement to acquire Revolt, the former Northvolt recycling site in Skellefteå, Sweden, including licenses to key technology. The financial terms of the agreement were not disclosed by any parties.

Revolt is one of Europe’s largest fully integrated battery recycling plants, with an installed recycling capacity of 8500 tonnes/year and the infrastructure to scale further. The site is powered by 100 percent fossil-free energy and located directly alongside the Lyten Ett gigafactory in Skellefteå. The facility supports the recycling of lithium, cobalt, nickel, and manganese.

Dan Cook, Lyten CEO and Co-Founder stated, “The Revolt recycling plant is an important piece in enabling Europe’s battery supply chain independence and supports Lyten’s goal of reducing mined mineral content in our batteries. We are currently identifying the right partners to restart and scale recycling operations at the Lyten Industrial Hub in Skellefteå.”

The Revolt acquisition continues Lyten’s strategy of building a Lyten Industrial Hub at the former Northvolt Ett location in Skellefteå. Following completion of its Northvolt Sweden acquisition in February, Lyten is now actively restarting lithium-ion battery manufacturing and has signed an agreement with EdgeConneX to acquire a data center site with potential to scale to up to 1 GW of data center capacity, making it one of the largest data center sites in Europe.

This acquisition is being fully funded from equity investment in Lyten. Lyten is working through all appropriate legal and regulatory approval processes in Sweden and expects the acquisitions to close in the second quarter of this year.

About Lyten
Lyten, founded in 2015, is the global leader in lithium-sulfur batteries and advanced 3D Graphene materials. It has received more than $625M in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten is privately held with more than 1000 investors, including Stellantis, FedEx, Honeywell, Prime Movers Lab, the European Investment Fund, and Luxembourg Future Fund. No single external investor holds more than 5% of the company equity and all investors of significance are based in North America and Europe. Lyten’s board is made up of US and European members, the US corporate headquarters is in San Jose, Calif., and its European corporate headquarters is in Luxembourg.

The company lists more than 550 patents granted or pending and is currently manufacturing domestically sourced lithium-sulfur batteries in San Jose, Calif. for drone, autonomous system, and defense customers and operates the largest battery energy storage systems manufacturing facility in Europe, in Gdansk, Poland. Lyten owns a growing portfolio of products utilizing its 3D Graphene supermaterials platform in concrete, additive manufacturing, motorsports and defense.

Lyten was named Fast Company’s #8 Most Innovative Energy Company and named one of America’s Top Green Technology Companies by Time in 2024, 2025, 2026 and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies for the third consecutive year in 2025.

Lyten’s completion of the Northvolt Sweden acquisition has drawn significant international media coverage across energy, battery manufacturing, automotive, and data center sectors. Reporting has focused on the restart of 16 GWh of production capacity, the establishment of the Lyten Industrial Hub in Skellefteå, and the planned 1GW data center campus alongside battery and energy storage operations.

Below is a collection of articles covering the acquisition, the development of AI-supportive industrial infrastructure, and the broader implications for Europe’s energy and digital competitiveness. 

• Lyten announces it has completed the acquisition of Northvolt’s battery assets in Sweden, totaling nearly $5B in value.
• The Skellefteå battery site, Northvolt Ett, is resuming operations and plans to deliver commercial cells in 2H 2026
• Lyten announces the establishment of the Lyten Industrial Hub in Skellefteå, Sweden to co-locate battery manufacturing, data centers, and additional manufacturing activities
• In connection with the closing, EdgeConneX, a portfolio company of EQT, plans to acquire a data center site from Lyten, with potential capacity of up to one gigawatt.

 

SAN JOSE, Calif., and STOCKHOLM, Sweden – February 27, 2026 – (BUSINESS WIRE) – Lyten, a global leader in lithium-sulfur batteries and energy storage, announced today that it has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden).  The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery research and development center in Europe.

Lyten additionally announced the formation of the Lyten Industrial Hub, located in Skellefteå, at the Northvolt Ett site. The industrial hub will utilize the infrastructure built by Northvolt and access to abundant, clean hydro power to co-locate battery manufacturing with AI data centers and complimentary industrial operations of strategic importance to Sweden and the European Union. Lyten plans to utilize its batteries and energy storage systems as part of the industrial hub’s infrastructure.

EdgeConneX, a leading global developer of data centers and a portfolio company of EQT, plans to acquire a data center site from Lyten in Skellefteå. The site has potential to scale to a one gigawatt data center campus, which would be one of the largest data center facilities in Europe.

Dan Cook, Lyten CEO and Co-Founder stated, “With this acquisition, Lyten now operates one of the largest battery manufacturing campuses in Europe and the largest battery R&D center in Europe. We have the infrastructure, talent, and technology to build a thriving battery ecosystem across North America and Europe, supported by local supply chains and local talent, to deliver on the rapidly growing global need for distributed electricity infrastructure.”

Lyten plans to immediately begin the restart process for Northvolt Ett and Northvolt Labs. Ett will produce lithium-ion NMC batteries serving a broadened segment of customers, including battery energy storage systems (BESS), automotive and diverse mobility markets. Lyten expects commercial sales of cells from Northvolt Ett to supply Lyten’s BESS manufacturing facility in Poland, Northvolt Dwa, in the second half of 2026.

Northvolt Labs in Västerås will continue development of long-life lithium ion NMC cells and will collaborate with the Lyten Silicon Valley team to industrialize Lyten’s lithium-sulfur battery technology for gigascale manufacturing.

Lyten has been working closely with the local Unions and will be launching a rehiring program at both Skellefteå and Västerås. Based on expected customer demand, Lyten plans to hire more than 600 additional employees over the next 12 months and to continue a rapid hiring pace for the next few years.

Matthias Arleth, CEO of Lyten Sweden stated, “As the transaction has now closed, we are excited to restart production and initiate the ramp-up in Sweden one production line at a time. In Skellefteå we have proven that we are able to produce consistent, high-quality battery cells that meet customer needs right now. The research and development work in Västerås will be a cornerstone in our ambition to respond to future market demand with both high performance NMC and next generation lithium-sulfur batteries.”

Kristina Sundin Jonsson, Head of Administration, Skellefteå Municipality, added, “We are pleased that battery production can now resume in Skellefteå. The need for batteries continues to increase and the EU has identified batteries as a strategic product for Europe’s competitiveness in its newly published battery strategy. The prerequisites we have in Skellefteå enable Sweden to take a significant position in this work and contribute to a strong, resilient battery value chain, including suppliers, research and talent attraction.”

In October, Lyten announced the close of its acquisition of Northvolt’s BESS manufacturing facility in Gdansk, Poland; and is progressing the acquisition of Northvolt’s assets in Heide, Germany. The full Northvolt acquisition includes manufacturing assets with a book value of $5 billion. Lyten is funding its Northvolt acquisitions with equity investments from existing and new North American and European investors and capital from the EdgeConneX investment in the data center site.

“We truly appreciate the support of the Skellefteå municipality and Swedish government, the U.S. government, and the European Union in helping make this acquisition a reality,” stated Lars Herlitz, Lyten Chairman and Co-Founder. “We fully grasp the potential of these assets and the importance of creating high quality jobs and economic growth in Sweden. Batteries are now a critical part of securing energy independence and supporting the competitiveness of European industries ranging from automotive to aerospace to data centers to grid resiliency. We are bringing the best of Silicon Valley innovation together with Sweden’s engineering and manufacturing expertise to ensure this development is a success.”

About Lyten
Lyten, founded in 2015, is the global leader in lithium-sulfur batteries and advanced 3D Graphene materials. It has received more than $625M in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten is privately held with more than 1000 investors, including Stellantis, FedEx, Honeywell, Prime Movers Lab, the European Investment Fund, and Luxembourg Future Fund. No single external investor holds more than 5% of the company equity and all investors of significance are based in North America and Europe. Lyten’s board is made up of US and European members, the US corporate headquarters is in San Jose, Calif., and its European corporate headquarters is in Luxembourg.

The company lists more than 550 patents granted or pending and is currently manufacturing domestically sourced lithium-sulfur batteries in San Jose, CA for drone, autonomous system, and defense customers and operates the largest battery energy storage systems manufacturing facility in Europe, in Gdansk, Poland. Lyten owns a growing portfolio of products utilizing its 3D Graphene supermaterials platform in concrete, additive manufacturing, motorsports and defense.

Lyten was named Fast Company’s #8 Most Innovative Energy Company and named one of America’s Top Green Technology Companies by Time in 2024, 2025, 2026 and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies for the third consecutive year in 2025.

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Contacts
For more information, please contact:

Media contact, Sweden
Ludvig Gauffin
+46 73 892 17 40
[email protected]

Media contact, US and international
Bob Zeitlinger
[email protected]

• Lyten Introduces S Cure™ Concrete Admixture, Doubling Early Strength and Improving Long-Term Durability of Concrete Infrastructure
• Lyten currently testing across the US, Europe, and Middle East, including 2 of the 5 largest global ready mix concrete producers, 2 of the largest high performance concrete producers in the Middle East, and a market leader in Type 1L low carbon cement in the US.
• The tunability of S Cure™ to adapt to regional aggregates enables Lyten to sell into the majority of the more than $700B global concrete market.
• Lyten is launching S Cure™ at World of Concrete, January 20-22, and is currently onboarding new global customers.

 

SAN JOSE, Calif., Jan. 16, 2026 –(BUSINESS WIRE)–Lyten, the supermaterial applications company and inventor of Lyten 3D Graphene™, today announced its expansion into the global concrete market with the launch of Lyten S Cure™, a high-performance concrete admixture engineered to make infrastructure stronger, more durable, and faster to build—without requiring changes to existing production processes or compromising on cost.

S Cure marks Lyten’s third major industrial vertical, extending its proprietary supermaterials platform from battery energy storage and composites for 3D printing and adhesives, into the world’s most widely used construction material. The launch reflects Lyten’s broader strategy: applying molecular-scale materials engineering to solve foundational performance challenges in critical infrastructure.

Concrete is the backbone of global infrastructure, but modern formulations, particularly those designed to reduce environmental impacts, often suffer from limitations: slower curing, reduced early strength, long-term durability concerns, and higher costs. Lyten S Cure was designed to eliminate those compromises at the chemistry level.

“At Lyten, we use material science to build products that accelerate economic growth by delivering enhanced performance without compromising on cost and environmental impact.” said Dan Cook, Lyten CEO and Co-Founder. “Concrete is the second most used substance on earth and the backbone of critical infrastructure. S Cure applies the same supermaterials science behind our batteries and additive manufacturing to make concrete stronger and mor durable.

Supermaterials Engineering, Applied to Infrastructure
S Cure is powered by nanomaterials, including Lyten 3D Graphene™, a tunable supermaterial platform originally developed for high-energy-density lithium-sulfur batteries and now deployed across multiple industrial applications. In concrete, Lyten’s nanomaterials form a reinforcement matrix that accelerates hydration at the earliest stages of curing while strengthening the internal microstructure as concrete ages.

Independent testing confirms:

• +110% increase in one-day compressive strength
• +29% increase at seven days
• Up to +20% improvement in 28-day durability metrics

The result is concrete that reaches structural strength faster, supports tighter construction schedules, and delivers improved long-term resilience in demanding environments.

Drop-In Performance, Immediate Adoption
Lyten S Cure is designed as a true drop-in admixture. It requires no changes to batching sequence, mix designs, or construction workflows and is compatible with ready-mix, precast, and large-scale infrastructure applications. The tunable nature of Lyten’s nanomaterials enables S Cure to be optimized to regional cement and aggregate characteristics across the globe, enabling S Cure to support the majority of the more than $700B global concrete market.

The technology is currently being validated through pilot programs with leading global concrete producers and construction companies in the US, Europe, and Middle East. Collaborations are ongoing with 2 of the 5 largest global ready mix concrete producers, 2 of the largest high performance concrete producers in the Middle East, and a market leader in Type 1L low carbon cement in the US. Results prove seamless integration and consistent performance across a range of cement blends, reducing cement in Type 1L and reducing supplementary materials like fly ash and silica fume.

Performance First—With Material Efficiency as a Benefit
While S Cure was engineered first for performance, its ability to restore early strength and durability also allows producers to reduce reliance on cement. These efficiencies can lower overall material consumption and improve project economics—while also reducing embodied carbon as a secondary benefit.

“Better materials unlock better outcomes across the board,” said Tony Silvis, Lyten VP and General Manager Concrete Solutions. “We have tuned S Cure to allow builders and engineers to move faster, build stronger, and extend service life without changing their well-established processes. The tunability of S Cure means we can help customers across every ready mix and high-performance concrete market.”

Lyten is launching the product at World of Concrete in Las Vegas, Nevada from January 20-22 (Booth #S11105) and is currently onboarding new cement and concrete customers.

 

About Lyten
Lyten, founded in 2015, is the global leader in 3D graphene supermaterials. It has received more than $625 million in equity investment and secured LOIs for $650 million in financing from the Export Import Bank of the US. Lyten’s US corporate headquarters is in San Jose, CA and its European corporate headquarters is in Luxembourg.

The company lists more than 550 patents granted or pending and is currently manufacturing in San Jose, CA and Gdansk, Poland. Lyten’s 3D Graphene materials platform is currently delivering lithium-sulfur batteries for autonomous systems, Battery Energy Storage Systems, 3D printing filaments, structural adhesives, and high-performance concrete to customers.

In 3Q 2025 Lyten announced the acquisition of Northvolt assets, one of Europe’s largest battery manufacturing companies. Lyten was named Fast Company’s #8 Most Innovative Energy Company and named one of America’s Top Green Technology Companies by Time in 2024, 2025, and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies the third time in a row in 2025.

Contacts
Media:
Bob Zeitlinger
551-427-7298
[email protected]

 

Indianapolis, IN — December 11, 2025 — Lyten, the supermaterial applications company, today announced the official launch of two high-performance products at the Performance Racing Industry (PRI) Show: Lyten 3D Graphene™ enhanced 3D printing filament and an structural epoxy adhesive purpose built for high temperature applications in motorsports, defense and aerospace.

These new products are built on Lyten’s proprietary Lyten 3D Graphene™ platform—a supermaterial engineered to dramatically strengthen polymers, adhesives, and composite structures while reducing weight and increasing thermal and mechanical performance.

 

Launch: Lyten 3D Printing Filament PA1205 Sets New Standards for Strength, Impact Resistance, and Thermal Stability

Lyten introduced its breakthrough polymer filament infused with Lyten 3D Graphene™, engineered for race-ready components, long-distance drones, and advanced industrial parts requiring exceptional strength-to-weight performance.

Designed for industrial high-performance applications that previously required machined composites or metal parts, Lyten’s filament enables motorsports teams, aerospace engineers, defense contractors, and manufacturers to print parts that are faster to produce, lighter, and significantly more resilient under extreme operating conditions.

The material delivers 100% greater X-axis and Y-axis strength, a market-leading 43% higher Z axis strength, and a 500% greater impact strength advantage compared to PA12-CF.

“We set out to unlock Z axis strength, which has been holding back additive manufacturing from the high-strength market,” said Dan Cook, CEO of Lyten. “By utilizing our 3D Graphene supermaterials, our PA1205 actually improves every metric of strength without compromising on manufacturability. The filament is plug and play on any printer  and actually improves print speed and quality. This is the power of new materials.”

 

Launch: Lyten Adhesive 6120HT – High-Temperature Structural Bonding for Lightweight, High-Stress Assemblies

Lyten also debuted a supermaterial-enhanced structural adhesive that delivers:

• Up to 6,000 psi bonding strength
• Exceptional high-temperature reliability up to 120 °C Tg
• Superior strength retention up to 100 °C
• Up to 90% lighter assemblies than metal fasteners
• Outstanding chemical and durability performance

Powered by Lyten 3D Graphene™, 6120HT improves load distribution, allows thinner and lighter structural designs, and replaces heavy mechanical fasteners in motorsports, defense systems, aerospace components, and high-performance industrial applications.

“6120HT is engineered for the places where heat, stress, and safety margins converge,” said Keith Norman, Chief Marketing Officer at Lyten. “Our motorsports customers are already telling us this adhesive gives them design freedom they simply didn’t have before. We believe this product is a big step in the replacement of metal parts with lighter weight composites.”

At this year’s Indianapolis 500, Lyten launched Lyten Motorsports, its subsidiary located in Indianapolis, Indiana focused on delivering high performance 3D print and autoclave parts to racing series utilizing 3D graphene supermaterials. 3D Filament PA1205 and Structural Adhesive 6120HT are now fully integrated into Lyten Motorsports line up of 3D printed parts. Lyten Motorsports is currently delivering parts for INDYCAR Experience, INDY Autonomous Challenge, and multiple racing series.

Lyten will showcase these new offerings throughout PRI at Booth 4247.

 

About Lyten

Lyten, founded in 2015, is the global leader in 3D graphene supermaterials. It has received more than $625M in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten’s US corporate headquarters is in San Jose, CA and its European corporate headquarters is in Luxembourg.

The company lists more than 540 patents granted or pending and is currently manufacturing in San Jose, CA and Gdansk, Poland. Lyten’s 3D Graphene materials platform is currently delivering lithium-sulfur batteries for autonomous systems, Battery Energy Storage Systems, 3D Printing filaments, structural adhesives, and high-performance concrete to customers.

In 3Q 2025 Lyten announced the acquisition of Northvolt, one of Europe’s largest battery manufacturing infrastructure. Lyten was named Fast Company’s #8 Most Innovative Energy Company and named one of America’s Top Green Technology Companies by Time in 2024, 2025, and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies the third time in a row in 2025.

# # #

SAN JOSE, CA, STOCKHOLM, Sweden and GDANSK, Poland. September 4, 2025 – (CISION) – Lyten, a global leader in battery energy storage and materials innovation, today announced the appointment of executives in key leadership positions in Sweden and Poland following its announced acquisition of Northvolt’s assets in Europe. The new leadership team brings proven experience in industrial transformation and deep knowledge of Northvolt’s assets, operations, and people. These executives played a pivotal role in stabilizing operations and delivering to customers over the last year. They will transition to their roles with Lyten effective immediately.

Matthias E.J. Arleth will serve as CEO of Lyten Sweden, located in Stockholm and report to Dan Cook, Lyten CEO. Arleth is a senior industrial executive and engineer with more than 25 years of international leadership experience across the automotive, energy, and electronics industries. Arleth joined Northvolt one year ago as President BU Cells and COO, where he was instrumental in the restructuring process in Sweden and successfully improving production performance in Skellefteå.

Robert Chryc Gawrychowski will serve as CEO of Lyten Poland, in Gdansk, Poland and report to Dan Cook, Lyten CEO. Robert will lead the Northvolt Dwa battery energy storage systems (BESS) operations, including the Systems organization responsible for BESS product design. Robert has been with Northvolt Poland since its start and brings deep knowledge of the operations and customers.

Markus Danglemaier will serve as CEO of Northvolt Ett, in Skellefteå, Sweden and report to Arleth. Markus will continue the role he held for the last year, after being brought in to help address scaling challenges. He has more than 20 years’ experience in the automotive industry.

Sami Haikala will serve as CEO of Northvolt Labs, located in Västerås, Sweden and report to Arleth. Sami has led Northvolt Labs since 2022 and will be tasked with both lithium-ion NMC product enhancements and will be working closely with Lyten’s San Jose team to accelerate lithium-sulfur development.

Dennis van Schie will serve as Chief Supply Chain Officer for Lyten Sweden, located in Stockholm and report to Arleth. Dennis brings nearly three decades of experience in the automotive, electronics, and chemical industries.

Collectively, this group of leaders represent continuity for employees, customers, and stakeholders and bring the right expertise to restart and scale operations and drive continued technological innovation.

“We have the ingredients to be successful in Sweden, Poland, and Germany. Now it’s about executing. This is a leadership team that knows how to execute. They each individually have a proven track record in industry and collectively drove a step change in manufacturing performance in Skelleftea over the last year,” says Dan Cook, Lyten CEO and Co-Founder.

Matthias Arleth added, “I am honored to lead Lyten’s Swedish operations at such a pivotal moment. For our teams in Skellefteå, Västerås, and Stockholm, the message from Lyten is clear: Focus. We are focused on producing consistent, high-quality battery cells that meet our EV and Energy Storage customer needs right now. We are focused on ramping one line at a time in Skelleftea behind strong customer demand. At Vasteras, we are focused on delivering our next generation lithium-ion NMC cell and scaling Lyten’s lithium-sulfur batteries.”

Robert Chryc Gawrychowski commented, “We have a world class BESS manufacturing facility here in Poland that we are beginning to bring back online right now. Our mission is very clear. We intend to make Gdansk, Poland a leading hub of energy storage manufacturing in Europe, exporting BESS products to every region of the world. The demand for our products is stronger than ever, and we are actively building the team to execute on this mission.”

Filling these initial executive roles is an important enabling step to restarting operations in Sweden and Poland. As the operations scale up over time, Lyten will require thousands of staff in Europe, creating a need for previous employees and an opportunity for new talent. Lyten will be making further announcements about personnel as appropriate, including progress on the Germany acquisition.

Visit www.lyten.com/northvolt-acquisition/ to learn more about Lyten’s acquisition of Northvolt assets.

For more information please contact:

Media Contact, Sweden:
Ludvig Gauffin
+46 73 892 17 40
[email protected]

Media Contact, US, International:
Bob Zeitlinger
[email protected]

About Lyten
Lyten is a Silicon Valley based materials innovation and energy storage company focused on commercializing products utilizing Lyten 3D Graphene™, a proprietary supermaterial with applications across energy storage, automotive, construction, aerospace, and defense. Lyten is building production capacity in the U.S. and Europe, with its newly acquired Northvolt assets forming a strategic cornerstone for the company’s European growth and contribution to the clean energy transition.

Lyten was named Fast Company’s #8 Most Innovative Energy Company, named one of The World’s Top Green Technology Companies by Time in 2025, and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies from 2023 – 2025.  

More information: www.lyten.com

• Lyten, the global leader in lithium-sulfur batteries, announced it has entered into binding agreements to acquire Northvolt Ett and Ett Expansion, Northvolt Labs, Northvolt Drei, and all remaining Northvolt intellectual property (IP).
• These newly acquired assets were previously valued at approximately $5B and include 16 GWh of operational battery production capacity and over 15 GWh under construction.
• Lyten has expressed interest in additionally acquiring Northvolt Six in Quebec, Canada.
• Lyten plans to restart operations at Northvolt Ett and Northvolt Labs upon close of the transaction, which is being fully funded with equity investment.

 

San Jose, CA, Stockholm, SWEDEN & Heide, GERMANY – August 7, 2025 – (BUSINESS WIRE) – Lyten, the global leader in lithium-sulfur batteries, announced today that it has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany. The acquisition includes Northvolt Ett and Ett Expansion (Skellefteå, Sweden), Northvolt Labs (Västerås, Sweden), and Northvolt Drei (Heide, Germany). Additionally, Lyten is acquiring all remaining Northvolt intellectual property (IP), and multiple members of the current Northvolt executive team plan to join Lyten. The financial terms of the agreement were not disclosed by any parties.

“This is a defining moment for Lyten,” stated Dan Cook, Lyten CEO and Co-Founder. “Lyten’s mission is to be the leading supplier of clean, locally sourced and manufactured batteries and energy storage systems in both North America and Europe. The acquisition of Northvolt’s assets brings the facilities and Swedish talent to accelerate this mission by years, just at the moment when demand for Lyten lithium-sulfur batteries is growing exponentially to meet energy independence, national security, and AI data center needs.”

In total, Lyten’s acquisition includes assets valued at approximately $5B, including 16 GWh of existing battery manufacturing capacity, more than15 GWh of capacity under construction, the infrastructure and plans to scale to more than 100 GWh, and the largest and most advanced battery R&D center (Västerås) in Europe.

Lyten plans to rehire a significant portion of the previously laid-off workforce at these facilities and will assess staffing needs site by site. Lyten sees substantial value in retaining local expertise and is committed to building long-term employment opportunities as we restart and scale operations.

Ebba Busch, Deputy Prime Minister of Sweden, stated “Lyten’s acquisition of the Northvolt assets is a win for Sweden, for the former employees of Northvolt, and for positioning Sweden as key to Europe’s energy independence. We have been working closely with the Trustee and Lyten to fully support this deal and we are excited to work with Lyten moving forward to make good on the immense potential of these assets.”

This acquisition is being fully funded through equity investment into Lyten from private investors. The transactions are subject to appropriate Swedish and German governmental and European agency approvals.  Lyten expects the acquisitions to close in the fourth quarter of this year.

Lyten has previously announced the acquisition of three other Northvolt assets.

• • In November 2024, Lyten acquired Northvolt’s Cuberg battery manufacturing facility in California.
  • In early July, Lyten announced the acquisition of Northvolt Dwa, Europe’s largest Battery Energy Storage System (BESS) manufacturing facility, located in Gdansk, Poland. The acquisition is expected to close in August 2025.
  • And in late July, Lyten acquired Northvolt’s BESS product and IP portfolio.

Lyten plans to immediately restart operations in Skellefteå (Ett) and Västerås (Labs) upon close of the transaction and collaboration with Northvolt’s prior anchor customers is progressing constructively. Lyten plans to immediately restart Northvolt Dwa upon close of the transaction to support rapidly growing demand for Lyten BESS in more than 20 countries.

At Northvolt Drei, Lyten is working with Northvolt and the German government to continue the program to establish a battery manufacturing facility near Heide in Schleswig-Holstein, with 15 GWh of initial capacity.

Lyten is also committed to pursuing the acquisition of Northvolt Six in Quebec, Canada, which is constructing a 15 GWh Phase 1 battery manufacturing facility. Lyten is actively progressing discussions with Northvolt North America, the Government of Canada, the Government of Québec and other key local stakeholders.

“The demand for European and North American made batteries is only growing,” added Lars Herlitz, Lyten Chairman and Co-Founder. “The combination of Northvolt’s world-class manufacturing assets and low-cost clean energy, Lyten’s world leading lithium-sulfur battery technology, and Lyten’s U.S. battery materials supply chain creates the right formula to fulfill Europe and North America’s battery manufacturing ambitions.”

Lyten currently manufactures lithium-sulfur batteries in Silicon Valley and is selling commercially into the rapidly growing drone and defense markets. Lyten is also preparing to launch its lithium-sulfur batteries onto the International Space Station in the coming months and has a multi-billion-dollar pipeline for BESS powered by lithium-sulfur.

“Lyten is a leader in the energy storage industry. As energy becomes a national security priority, from data centers to micro-grids, I’m proud to help secure a sustainable transformation of Germany’s infrastructure and data economy.” stated Sem M. Köksal, Lyten Advisor and CEO Gsl Holding GmbH.

The Trustee, Lyten, and Northvolt will be hosting a press conference in Skellefteå at 10:30am CET on Friday, August 8 to share more information about the transaction. The press conference will be live streamed at https://www.youtube.com/live/YD7Amj0Ifp0.

 

About Lyten

Lyten, founded in 2015, is a supermaterial applications company that has received more than $625 million in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten has built a proprietary materials platform, called Lyten 3D Graphene, that it uses to build better performing, lower cost, and decarbonizing products, including its next generation lithium-sulfur battery. Lyten corporate headquarters is in San Jose, CA and European headquarters is in Luxembourg.

The company lists more than 540 patents granted or pending and is currently manufacturing in San Jose, CA. In November 2024, Lyten announced the acquisition of Northvolt’s battery manufacturing plant in San Leandro, California to scale production to meet the demand for American made batteries.  In 2024, Lyten announced its integration into Chrysler’s Halcyon Concept electric vehicle and the selection of Lyten Lithium-Sulfur for demonstration on-orbit aboard the International Space Station (ISS), scheduled for launch later in 2025. Lyten is selling lithium-sulfur commercially into the rapidly growing drone and defense market.

Lyten was named Fast Company’s #8 Most Innovative Energy Company and named one of America’s Top Green Technology Companies by Time in 2024, 2025, and been named to Silicon Valley Defense Journal’s Top 100 National Security Companies from 2023 – 2025.

# # #

 

Contacts
Media Contact, US, International:
Bob Zeitlinger
[email protected]

Media Contact, Sweden:
Anders Fogel
[email protected]

Media Contacts, Poland:
Ola Pawlowska
[email protected]

• Leading global lithium-sulfur battery manufacturer Lyten announced it has secured more than $200 million in additional equity investment to support its recent acquisitions and overall expansion plans.
• Lyten additionally announced the acquisition of Northvolt’s Battery Energy Storage System (BESS) product portfolio in Stockholm, Sweden. Core members of the energy storage engineering team are joining Lyten.
• Lyten intends to immediately restart production of energy storage systems in Gdansk, Poland following the close of its previously announced Northvolt Dwa acquisition and targets delivery of products in fourth quarter 2025.

 

San Jose, CA & Luxembourg – July 28, 2025 – (BUSINESS WIRE) – Lyten, the supermaterial applications company and global leader in lithium-sulfur batteries, announced today it has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million. The additional investment is provided primarily from current investors. Lyten intends to accelerate its acquisition strategy and expansion plans in both the US and Europe with the additional capital.

Additionally, Lyten announced today it has acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems (VMS), Voltrack, and future BESS products currently in development. This is Lyten’s third Northvolt-related acquisition since November 2024. The VMS product is already in its third generation, with commercial installations throughout Europe. The core members of Northvolt’s energy storage engineering team will be joining Lyten in Stockholm, Sweden, and VMS and future BESS products will be manufactured in Gdansk, Poland.

Lyten previously announced the acquisition of two Northvolt assets. In November 2024, Lyten announced the acquisition of Northvolt’s Cuberg battery manufacturing facility in California and earlier in July announced its plans to acquire Northvolt Dwa, Europe’s largest Battery Energy Storage System (BESS) manufacturing facility, located in Gdansk, Poland.

“We are thrilled by the investment community’s response to our expansion strategy,” stated Dan Cook, Lyten CEO and Co-Founder. “Lyten is seeing immediate demand for its battery products in support of energy independence and national security initiatives in the US and Europe. Drones, defense, datacenters and BESS are all markets seeking battery solutions independent of Chinese supply chains. This capital is focused on rapid, capital-efficient expansion of manufacturing and onboarding world-leading talent in both the US and European markets.”

Zia Huque, Lyten investor and General Partner at Prime Movers Lab, added, “We continue to be impressed by Lyten’s ability to grow through acquisitions. This is a testament to both Lyten’s technology and its leadership team’s experience in private equity, which is unique in the battery industry. The ability to efficiently scale manufacturing capacity is critical for Lyten right now to meet the rapidly growing demand for its products.”

Lyten intends to immediately restart BESS manufacturing in Gdansk, Poland upon the close of the previously announced acquisition of Northvolt Dwa and targets product deliveries in the fourth quarter of 2025. Deliveries will initially target existing European customers and then quickly expand to a wide range of global markets, including AI datacenter, industrial, commercial, and grid applications.

David Ku, Lyten Investor and former Microsoft Corporate Vice President of AI and CTO of the Artificial Intelligence + Research division, stated “Success in AI is determined by the ability to deliver abundant, reliable power. Battery energy storage is a critical piece of AI data center infrastructure.  Lyten’s lithium-sulfur batteries are uniquely positioned to deliver the performance and supply chain independence necessary to meet AI’s insatiable need for batteries.”

Lyten and Northvolt intend to close the transaction of the Northvolt Dwa facility in Poland and Northvolt System’s BESS product portfolio in Sweden in the third quarter of 2025.

 

About Lyten

Lyten, founded in 2015, is a supermaterial applications company that has received more than $625 million in equity investment and secured LOIs for $650M in financing from the Export Import Bank of the US. Lyten has built a proprietary materials platform, called Lyten 3D Graphene, that it uses to build better performing, lower cost, and decarbonizing products, including its next generation lithium-sulfur battery. Lyten corporate headquarters is in San Jose, CA and European headquarters is in Luxembourg.

The company lists more than 540 patents granted or pending and is currently manufacturing in San Jose, CA. In November 2024, Lyten announced the acquisition of Northvolt’s battery manufacturing plant in San Leandro, California to scale production to meet the demand for American made batteries.  In 2024, Lyten announced its integration into Chrysler’s Halcyon Concept electric vehicle, plans to integrate lithium-sulfur into AEVEX Aerospace’s unmanned aerial vehicles, and the selection of Lyten Lithium-Sulfur for demonstration on-orbit aboard the International Space Station (ISS), scheduled for launch later in 2025.

Lyten was named Fast Company’s #8 Most Innovative Energy Company, named to Silicon Valley Defense Journal’s Top 100 National Security Companies from 2023 – 2025, and named one of America’s Top Green Technology Companies by Time in 2024 and 2025.

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