Lyten acquires Northvolt BESS assets to expand European capacity

Lyten

Lyten acquires Northvolt BESS assets to control Europe’s largest BESS manufacturing hub. The 25,000m² Gdansk site includes R&D and modern assembly lines. Installed equipment supports 6GWh annually, with expansion potential above 10GWh.

The deal is expected to close in the third quarter. Financial terms were not disclosed by the parties. Lyten plans to restart production immediately and resume commercial sales.

Immediate restart and lithium-sulfur expansion

Lyten will broaden the product line to include lithium-sulfur batteries. These lithium-sulfur batteries now ship for drones and space missions. They are launching to the International Space Station under commercial programs. Chrysler selected the chemistry for its Halcyon Concept electric vehicle. Therefore, Lyten acquires Northvolt BESS assets to accelerate commercialization.

Financing, footprint, and Northvolt’s portfolio reshaping

In December 2025, Lyten received up to $650 million from the Export-Import Bank. The company also acquired Northvolt’s San Leandro battery plant to scale US output. Meanwhile, Northvolt sold business segments during its restructuring process. Scania acquired the Industrial segment in April 2025.

As a result, this acquisition gives Lyten a transatlantic manufacturing footprint. The Gdansk plant offers scale for utility storage and grid services. Therefore, European customers gain a new BESS source outside China.

The Metalnomist Commentary

This move rapidly converts idle capacity into strategic supply for Europe’s grid storage build-out. Execution on lithium-sulfur at scale remains the key technical and commercial swing factor.