Northvolt
Northvolt, officially known as Northvolt AB, is a pioneering battery manufacturer headquartered in Sweden (SE). Founded in 2016, the company has rapidly established itself as a key player in the European battery industry, focusing on sustainable energy solutions. With major operations in Sweden and Germany, Northvolt aims to revolutionise the production of lithium-ion batteries for electric vehicles and energy storage systems. The company’s core products include high-performance battery cells and systems, distinguished by their commitment to sustainability and low environmental impact. Northvolt's unique approach integrates recycling and renewable energy into its manufacturing processes, setting it apart in a competitive market. Notable achievements include securing significant partnerships with leading automotive manufacturers and raising substantial funding to expand its production capacity, positioning Northvolt as a leader in the transition to a greener economy.
DitchCarbon Score
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Industry Average
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Industry Benchmark
Northvolt's score of 28 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Northvolt's reported carbon emissions
In 2023, Northvolt reported total carbon emissions of approximately 343,965,000 kg CO2e. This figure includes Scope 1 emissions of about 735,000 kg CO2e, primarily from mobile combustion (approximately 610,000 kg CO2e) and fugitive emissions (about 124,000 kg CO2e). Scope 2 emissions totalled around 980,000 kg CO2e, all from purchased heat. The majority of emissions stem from Scope 3, which accounted for approximately 342,250,000 kg CO2e, with significant contributions from purchased goods and services (about 282,780,000 kg CO2e) and capital goods (approximately 29,250,000 kg CO2e). In 2022, Northvolt's total emissions were reported at approximately 216,250,000 kg CO2e, with Scope 1 emissions of about 2,270,000 kg CO2e and Scope 2 emissions of approximately 1,180,000 kg CO2e. Scope 3 emissions for that year were around 212,800,000 kg CO2e. Northvolt has set ambitious climate commitments through its Carbon Roadmap 2030, aiming to reduce its cell production carbon footprint from 33 kg CO2e/kWh to 10 kg CO2e/kWh by 2030. This represents a reduction of about 70% and is intended to be achieved through coordinated actions across the value chain. The company has made progress towards this target, with a reported reduction of approximately 69% in 2023. Overall, Northvolt's emissions data reflects a significant commitment to reducing its carbon footprint while addressing the challenges of sustainability in the battery manufacturing industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 92,000 | 0,000,000 | 000,000 |
| Scope 2 | 74,000 | 0,000,000 | 000,000 |
| Scope 3 | 68,565,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Northvolt is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
