Northvolt Acquires Lithium-Metal Battery Start-Up Cuberg

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  • Northvolt will establish an advanced technology center in Silicon Valley based on the Cuberg acquisition and is actively hiring top battery industry talent to support these efforts
  • The center will enable Northvolt to engage and partner with the leading technology companies and universities in Silicon Valley

Northvolt has announced the acquisition of Cuberg, Inc., a U.S.-based battery technology company delivering lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions. The company’s investors and financial backers include Boeing HorizonX Ventures, Activate.org, the California Energy Commission, the U.S. Department of Energy, and the TomKat Center at Stanford.

Peter Carlsson, CEO and Co-Founder, Northvolt said, “The Cuberg team has shown exceptional ability to develop world-class technology, proven results and 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 while driving down cost even further for next-generation battery cells. This is critical for accelerating the shift to fully electric vehicles and responding to the needs of the leading automotive companies within a relevant time frame.”

Northvolt will establish an advanced technology center in Silicon Valley based on the Cuberg acquisition and is actively hiring top battery industry talent to support these efforts.

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Cuberg said that its batteries based on its breakthrough electrolyte technology for lithium metal anode, are optimally designed for commercialisation. Validated by trusted third parties the cells deliver more than 70 percent increased range and capacity versus comparable lithium-ion cells designed for high-rate electric aviation applications, claimed the company.

 

They added, “Building on this foundation, Northvolt and Cuberg will mature its automotive and industrial product portfolio with the ambition to industrialise cells in 2025 that exceed 1,000 Wh/L, while meeting the full spectrum of automotive customer requirements.”

In addition to accelerating the lithium metal cell development and optimising the technology for automotive applications, the new centre will focus on materials research and development for best-in-class lithium-ion anode and electrolyte technologies.

Bridge ongoing research efforts between Europe and North America

The centre will enable Northvolt to engage and partner with the leading technology companies and universities in Silicon Valley. It has the aim to bridge ongoing research efforts between Europe and North America. It will also serve as a testbed for methodologies leveraging digitalisation, artificial intelligence and machine learning.

Richard Wang, CEO and Co-Founder of Cuberg said, “We are very excited to join forces with Northvolt to build the future of clean energy. Northvolt brings incredible technology and manufacturing capabilities that will accelerate the commercialisation and adoption of our lithium metal technology. Their deep engineering experience and bold spirit perfectly complement Cuberg’s own culture of rapid innovation.”

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