“With this partnership, we are exploring a new source of sustainable raw material and expanding the European battery value chain, while also developing less expensive battery chemistry. Stora Enso will provide its lignin-based anode material Lignode, originating from sustainably managed forests, while Northvolt will drive cell design, production process development, and scale-up of the technology. Our lignin-based hard carbon, Lignode by Stora Enso, will secure the strategic European supply of anode raw material, serving the sustainable battery needs for applications from mobility to stationary energy storage,” said Johanna Hagelberg, Executive Vice President for Biomaterials at Stora Enso.īoth companies bring key components, competence, and expertise to the battery partnership. “The joint battery development with Northvolt marks a step on our journey to serve the fast-growing battery market with renewable anode materials made from trees. Stora Enso and Northvolt entered into a Joint Development Agreement to create a sustainable battery featuring anode produced from renewable raw materials sourced sustainably and locally in the Nordic countries. In 2019, Volkswagen invested about €900 million ($920 million U.S.). In November 2021, the carmaker pumped $620 million into Northvolt that will be used for research and development, recycling, and production expansions. The aim is to develop the world’s first industrialized battery featuring anode sourced entirely from European raw materials, lowering both the carbon footprint and the cost. Lumber giant Stora Enso and European battery and fuel cell company, Northvolt, are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests.
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