Volkswagen-supported Northvolt merged with Stora Enso's industrial giant to develop new-generation batteries, with wood-based components.
It's about creating an anode of material that's characterized as hard carbon based on lingine. The two companies explained that lingin is . The trees are 20-30% of this material and it's acting as a binding agent. Stora Enso in a joint project will supply Lignode, anode based material based on lingin, and Northvolt will take over the design of batteries and the development of production processes.
The Executive Vice-President for Biomaterials, Stora Enso Johanna Hagelberg, stated that the new material would meet the region's needs for .
In the meantime, Sweden's Northvolt reported the start of the first supply of batteries to customers in Europe: total contracts exceeded $55 billion, and among clients were Volvo, BMW and Volkswagen. The company also recently attracted $1.1 billion in additional funding, including Volkswagen and Goldman Sachs.