Swedish investor Peter Carlsson plans for a large-scale battery factory in Sweden.

Sweden 01 October 2016
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Peter Carlsson has some fame for spending 4 years at Tesla as purchasing and logistics manager.

Now he returned in Sweden and intends to develop Northvolt (formerly SGF Energy), a large factory in order to supply Europe with electrical batteries. The investment for such a factory is estimated to be in the SEK 40bn range ($4.7bn)

Nevertheless, the plans are still early stage, as they involve a feasibility study developed with the support of Vinnova and the Swedish Energy Agency.

Read also: Northvolt announced having raised SEK 120M for setting up a battery factory in Sweden.