Overview

• Lyten CEO Dan Cook met Schleswig‑Holstein officials in Kiel and took questions from the state parliament’s economic committee, with leaders calling the talks constructive.
• Cook described a staged, modular factory that combines Northvolt’s NMC lithium‑ion cells with Lyten’s lithium‑sulfur technology and uses data‑driven manufacturing for e‑mobility, energy storage and industrial customers.
• An initial production capacity of 15 gigawatt‑hours is planned for Heide, and regional legislators said roughly 1,000 jobs are envisaged with output likely starting outside of car batteries.
• Financing terms remain unsettled as discussions continue over public support, including prior guarantees and potential KfW and EU programs, with Lyten emphasizing a preference for private capital while being open to EU instruments.
• The Swedish ISP has approved the purchase according to the insolvency administrator, and both Lyten and Northvolt’s German unit aim to complete the transaction by the end of October.