Lyten has signed a binding agreement to acquire Revolt, the former battery recycling facility of Northvolt in Skellefteå, Sweden, as part of its broader expansion following the takeover of other Northvolt assets, the company said.
The acquisition includes licenses for key recycling technologies, though Lyten did not disclose financial terms. The company said the deal is “fully funded from equity investment in Lyten” and is currently undergoing regulatory approvals in Sweden, with completion expected in the second quarter of the year.
See also: Lyten Completes Acquisition of Northvolt’s Swedish Sites
The move follows Lyten’s recent acquisition of Northvolt Ett and Northvolt Labs, which was finalised on Feb. 27 after the Swedish battery maker’s restructuring. Lyten had previously announced plans to acquire several Northvolt units, marking a significant expansion of its operations in Europe.
Revolt, located near Lyten’s Ett gigafactory in Skellefteå, is one of Europe’s largest integrated battery recycling facilities. The plant currently has an installed capacity of 8,500 tonnes per year and is designed to recycle critical battery materials such as lithium, cobalt, nickel and manganese. According to Lyten, the facility operates entirely on renewable energy and has infrastructure in place to support future scaling.
See also: Lyten Scales Back Northvolt’s Heide Battery Factory Plans After Takeover Approval
Northvolt had earlier outlined ambitions to significantly expand Revolt’s capacity, targeting up to 125,000 tonnes annually. However, Lyten indicated that the currently realised capacity remains at 8,500 tonnes per year.
Lyten Chief Executive and co-founder Dan Cook said the acquisition would strengthen efforts to build a more resilient European battery ecosystem. “The Revolt recycling plant is an important piece in enabling Europe’s battery supply chain independence and supports Lyten’s goal of reducing mined mineral content in our batteries,” Cook said.
“We are currently identifying the right partners to restart and scale recycling operations at the Lyten Industrial Hub in Skellefteå,” he added.
Lyten, which focuses on lithium-sulphur battery technology, is positioning the acquisition as part of a strategy to integrate recycling into its production chain while reducing reliance on newly mined raw materials.
The company said operations at the previously acquired Northvolt Ett factory and Northvolt Labs research centre are set to resume, as it works to consolidate its newly acquired assets into a unified industrial platform.