Yahoo! News
Summary
A symbolic start was made in north-western Germany on Monday on constructing a multibillion euro plant making battery cells for electric cars after state funding and local permits were approved.
Swedish company Northvolt plans to invest €4.5 billion ($4.9 billion) in the plant near Heide in the northern state of Schleswig-Holstein. Once completed, the project will produce up to a million battery cells and generate 3,000 jobs. Production is set to start in 2026.
Northvolt plans to mass-produce the "greenest battery in the world." The plant will make use of purified effluent from the region for cooling. Excess heat could be used in a potential district heating grid for Heide, a town of some 22,000 people that lies inland from the North Sea coast to the north of Hamburg.
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