Hydro signed an agreement with Northvolt, in which Hydro will acquire the remaining shares in the battery recycling facility, Hydrovolt, for NOK 78 million (US$6.9 million). This acquisition increases Hydro’s ownership in Hydrovolt from 72 to 100%. Headquartered in Oslo, Hydrovolt is a battery recycling and raw materials company established in 2020 as a 50/50 […]
Hydrovolt, a battery recycling joint venture between Hydro and Northvolt, has started commercial recycling operations at its plant in Fredrikstad, Norway. The new facility provides a sustainable solution for handling end-of-life electric vehicles (EVs). “Hydrovolt represents a milestone on Norway’s trailblazing journey towards widespread electric transportation,” said Peter Qvarfordt, CEO of Hydrovolt. “Norway has been […]
Hydrovolt, the joint venture between Hydro and Northvolt announced in mid-2020, has started construction of its new NOK 120 million (US$14.1 million) car battery recycling facility in Fredrikstad, Norway. The plant will have the capacity to process more than 8,000 tonnes of modules from car batteries each year, with the possibility to expand in the […]
Hydro and Northvolt, a leading European battery manufacturer based in Sweden, formed a 50/50 joint venture, called Hydro Volt AS, which will focus on enabling the recycling of battery materials and aluminum from electric vehicles (EVs). A typical EV battery pack may contain more than 25% aluminum, totaling about 70-100 kg aluminum per pack. “We […]
