
Image: Northvolt
US-based battery innovator Lyten has raised more than $200 million in equity financing to support its expansion into the European battery energy storage systems (BESS) market. As part of its growth strategy, Lyten is acquiring Northvolt’s former energy storage product line, including the Voltpack Mobile System (VMS), Voltrack, and related assets. The move will significantly boost its manufacturing presence in Poland and broaden its commercial reach across Europe.
This acquisition follows Lyten’s earlier announcement of taking over the Northvolt Dwa facility in Gdansk, Poland — a 6 GWh BESS manufacturing plant that was previously idled. Production is expected to restart in the second half of 2025, with initial product deliveries targeted for Q4. The plant will initially use existing nickel-based cells, before transitioning to Lyten’s proprietary lithium-sulfur technology — a shift aimed at reducing dependency on Chinese supply chains.
As part of the transaction, Lyten is also taking on key engineering talent from Northvolt Systems and establishing a new team in Stockholm. According to Bloomberg, this strategic expansion marks a shift from Lyten’s original focus on battery cell production in the US, in response to softening demand in the EV market and a broader industry pivot toward stationary storage.
However, the company has also seen internal restructuring. Around 45 employees were laid off in the previous week, including Celina Mikolajczak, a former Tesla executive who had been instrumental in advancing Lyten’s lithium-sulfur commercialization. The company has not publicly commented on the departures.
“We’re moving downstream in the batteries to own more of the value chain,” said Keith Norman, Lyten’s Chief Sustainability and Marketing Officer. “And we’re identifying manufacturing assets that are potentially available at a discount to their value because of the challenges in the market.” Norman added that Lyten’s European focus includes both stationary storage and military drone applications.