Siemens has partnered with Northvolt for the development of best-in-class technology to produce high-quality, green lithium-ion batteries. The partnership, which will be supported by Siemens through an investment of Euro 10 million, also includes the supply of lithium-ion batteries. To mitigate the effects of climate change, Europe is accelerating its transition to renewable energies. Electrification and an increased use of batteries is one of the cornerstones of this transition, enabling the large-scale conversion to sustainable transportation as well as a deep integration of renewable sources in the energy mix. With limited current and planned capacity in place, Europe is now facing a major battery deficit. “We are happy to support Northvolt in building the battery factory of the future,” said Jan Mrosik, CEO of Siemens Digital Factory Division.