Overview
- Germany’s economy ministry said Friday that €153 million tied to the Northvolt project has been returned, lowering the projected public loss to about €447 million.
- Up to €69 million more could flow back to state bank KfW in the summer if the site’s emissions permit becomes legally binding and a solvent liquidation goes ahead.
- Schleswig-Holstein’s environment office has issued the first partial permit under Germany’s Federal Immission Control Act, giving planners a path to start key factory buildings near Heide.
- Northvolt Drei was reworked under Germany’s StaRUG preventive restructuring law, and a court approved a plan that allows the project’s assets to be transferred to a new investor.
- US battery maker Lyten is in talks to take over the Heide project and targets about 1,000 initial jobs with batteries for cars, defense, and energy storage, with private capital expected to fund most of the restart.