The news came this week that for the first time, an interested party had placed a bid to buy the entirety of Northvolt’s operations.
It involves the companies Northvolt AB, Northvolt Revolt AB, Northvolt Labs AB and Northvolt Ett AB.
But Northvolt Ett Expansion AB, which forms two thirds of the factory area in Skellefteå, is not included in the bid. The company's total land area is one million square metres – the buildings alone cover 230,000 square metres.
Northvolt Ett Expansion went bankrupt as early as October 2024 and was supposed to, as the name implies, work on the expansion of the factory in Skellefteå. The bankruptcy estate includes both equipment and the, in varying degrees of completion, buildings that would have formed the fully developed Northvolt Ett.
Jonas Premfors is the bankruptcy receiver for Northvolt Ett Expansion and according to him there is a theoretical possibility for one bidder to take over the entire factory area but they would in that case have to put in sufficiently attractive bids with both him and Mikael Kubu, who is the bankruptcy receiver for the other Northvolt companies.
– And I don’t know of one such concrete bid, he says.
It is more probable that Northvolt Expansion will be bought by a separate stakeholder. There are currently around 20 interested parties and the main tracks of interests are either an industrial business or some type of data centre, Premfors has previously told Norran.
In addition to the property there is also an ongoing sale of the equipment from the factory. This spring Norran got a unique opportunity to look into the unused premises.
It may be about a year before the sale of Northvolt Ett Expansion is completed, Jonas Premfors believes.
– It is such a complex project, so big, that it has to take its time. It’s not something you just buy immediately, he says.
FACTS
Northvolt Ett Expansion went into bankruptcy as early as 8 October 2024, a few weeks after Northvolt’s first big lay-offs.
The idea was for the battery factory to, fully expanded, have a capacity of 60 gigawatt hours. Northvolt Ett Expansion’s mission was to work on this expansion, which however was stopped on 23 September. The construction projects where thereafter abruptly stopped.