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- US startup Lyten to take over Northvolt's energy storage systems factory in Poland</p>
<p>July 1, 2025 at 1:04 AM</p>
<p>WARSAW (Reuters) -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.</p>
<p>Northvolt filed for bankruptcy in March, one of Sweden's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge Chinese battery makers. It announced the factory's closure in November last year.</p>
<p>"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.</p>
<p>The 25,000 square metre (269,000 square feet) battery energy storage system manufacturing and R&D facility in Gdansk, Poland, opened in 2023.</p>
<p>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.</p>
<p>The financial terms of the transaction, which is expected to be completed in the third quarter, were not disclosed.</p>
<p>(Reporting by Anna Koper and Marek Strzelecki. Editing by Mark Potter)</p>
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