Hamburg billion-dollar investment
Northvolt decides to build battery factory in Schleswig-Holstein
Status: 17.01.2024 | Reading time: 2 minutes
Employees of the Northvolt company in a planning office on a construction site in the Dithmarschen district
Source: dpa
You can listen to our WELT podcasts here
In order to display embedded content, your revocable consent to the transmission and processing of personal data is necessary, as the providers of the embedded content require this consent as third party providers [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the switch to “on”, you agree to this (revocable at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, in accordance with Art. 49 (1) (a) GDPR. You can find more information about this. You can revoke your consent at any time using the switch and privacy at the bottom of the page.
The final decision of the Swedish company Northvolt has been made: the company is deciding to invest billions in a battery factory near Heide. Now it’s the turn of two small communities.
The Swedish company Northvolt has decided to build a battery factory for electric cars near Heide in Schleswig-Holstein. “Dithmarschen has the greenest power grid in Germany, with which we want to produce the most sustainable battery cells in the world in the future – made in Schleswig-Holstein for Europe,” said Germany Managing Director Christofer Haux on Wednesday.
also read
The company has now signed an implementation contract as part of the land-use planning of the communities of Lohe-Rickelshof and Norderwöhrden. The small communities want to decide on the land use planning on Thursday or Monday. The building permit must then be issued.
Nicolas Steinbacher is the project manager at the construction site in Heide
Which: Bertold Fabricius
Last week, the EU Commission approved funding and guarantees from the federal and state governments amounting to 902 million euros for the construction of the factory. The Northvolt factory could trigger a pull effect and attract other companies, for example as suppliers, along the Heide-Hamburg axis.
3000 jobs planned
Northvolt wants to produce battery cells for electric cars in the factory from 2026. The 4.5 billion euro investment is expected to create 3,000 jobs. The company has already invested around 100 million euros of its own funds in the construction project in Heide, according to people close to the project. At the same time, a plant for recycling old batteries from discarded electric cars is to be built.
also read
The federal and state governments are funding the project with around 700 million euros. There are also guarantees for a further 202 million euros. Of the funding, around 564 million euros go to the federal government and up to 137 million euros to the state. The funding is spread over several annual tranches.
also read
Federal budget crisis
The significance of the planned work extends far beyond the north. The German auto industry as a whole wants to become more independent of previously dominant suppliers from Asia. For example, the South Korean electronics companies LG and Samsung as well as the Chinese company CATL, which has also been producing in a factory in Thuringia for around a year, have high market shares. There are EU-wide initiatives to build an independent European cell technology.