Overview

• Insolvency trustee Mikael Kubu said the ISP has approved Lyten’s purchase and that all required permits are in place.
• The transaction is projected to close by the end of October, with no financial terms disclosed.
• Lyten intends to keep the under‑construction Heide site, targeting an initial battery capacity of about 15 GWh.
• The U.S. firm earlier secured a Northvolt facility in California and announced plans to take over the plant in Gdańsk.
• Northvolt sought insolvency protection in March after mounting debt and setbacks that included the loss of a major BMW battery order.