Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday.
“We plan to immediately restart operations in Poland and deliver on existing and new customer orders,” Dan Cook, Lyten CEO and co-founder, said in a statement.
The facility includes equipment for up to 6 gigawatt-hours of energy storage manufacturing capacity and the footprint to expand to 10 GWh in the future, Lyten said in a statement, adding that it had contracted orders extending into 2026.
The financial terms of the transaction, which is expected to be completed in the third quarter, were not disclosed.
