Large part of the Northvolt area not included in the new bid

Several media outlets recently reported that a first bid had been placed on the “entirety of the bankrupted Northvolt operations”.
But the bid only includes a third of the factory area in Skellefteå.
– In theory one could imagine that one actor would place a bid on the whole lot. But I have no concrete indications of that, says Jonas Premfors, who is the bankruptcy receiver for the remaining two thirds of the area.

The new bid only includes a third of the factory area in Skellefteå. The red area is not included in the bid.

The new bid only includes a third of the factory area in Skellefteå. The red area is not included in the bid.

Foto: Kollage, Pressbild/Glenn Fahlgren

Skellefteå2025-06-30 07:00

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.

Almost everything in the red and green area is not included in the latest bid. However, the recycling factory Revolt, which is included in the bid, is in one part of the green area.
Almost everything in the red and green area is not included in the latest bid. However, the recycling factory Revolt, which is included in the bid, is in one part of the green area.

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.

The picture shows the enormous factory area Northvolt Ett Expansion, which will be sold separately. “If we look at the site there are piles of excavated material and similar. It needs to be taken care of but it is not something we judge to be acute”,  Jonas Premfors has previously said.
The picture shows the enormous factory area Northvolt Ett Expansion, which will be sold separately. “If we look at the site there are piles of excavated material and similar. It needs to be taken care of but it is not something we judge to be acute”, Jonas Premfors has previously said.

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.