Northvolt, backed by Volkswagen, is developing wood-based batteries for electric cars

In this 2007 the image shows logs and wood chips outside Stora Ens paper mill in Finland. The company says it is “one of the largest private forest owners in the world.”

Suzanne Plunkett | Bloomberg | Getty Images

Northvolt will work with Stora Enso to develop batteries that contain components made using wood sourced from the forests of the Nordic region.

Under the joint development agreement, the companies will work together to produce a battery that contains an anode made from a solid carbon called lignin-based. The anode is an important part of the battery, along with the cathode and the electrolyte.

Electric car battery maker Northvolt and Stora Enso, which specializes in packaging and paper products among other things, described lignin as a “plant-based polymer found in the cell walls of dry plants” in a statement on Friday. According to the companies, trees consist of 20-30% lignin, which acts as a binder.

“The goal is to create the world’s first industrial battery.” [an] anode sourced exclusively from European raw materials,” the companies said.

When the plans are scrapped, Stora Enso will supply Lignode, which is a lignin-based anode material. Northvolt will focus on cell design, manufacturing process development and technology development.

The companies said Lignode would come from “sustainably managed forests”. Stora Enso claims it is “one of the largest private forest owners in the world”.

Johanna Hagelberg, Stora Enso’s executive vice president for biomaterials, said the lignin-based solid carbon “will secure a strategic anode feedstock supply in Europe” and meet “sustainable battery needs for applications ranging from mobility to stationary energy storage.”

Read more about electric vehicles from CNBC Pro

The attempt to develop battery materials from various sources comes as major European economies prepare plans to move away from diesel and gasoline-powered vehicles.

UK wants by 2030 stop the sale of new diesel and petrol cars and vans. From 2035 all new cars and vans will be required to have a zero tailpipe. The European Union, from which the UK left in 2020. on January 31, pursues similar goals.

As the number of electric vehicles on our roads increases, battery supply will become an increasingly important and competitive cog in the automotive sector.

Earlier this year, the CEO of Volvo Cars told CNBC that he believed battery supply “will be one of the things that will be in short supply in the coming years.”

Sweden-based Northvolt recently announced that its first gigafactory, Northvolt Ett, has begun commercial deliveries to European customers. The company claims to have more than $55 billion in contracts with companies such as Volvo Cars, BMW and Volkswagen.

Gigafactories are facilities that produce electric car batteries on a large scale. Tesla CEO Elon Musk is widely credited with coining the term.

Northvolt recently announced a $1.1 billion

According to the International Energy Agency, in 2021 sales of electric cars reached 6.6 million in 2022 2 million electric cars were sold in the first quarter, which is 75% more than in the first three years of 2021.

Godfrey Kemp

"Bacon fanatic. Social media enthusiast. Music practitioner. Internet scholar. Incurable travel advocate. Wannabe web junkie. Coffeeaholic. Alcohol fanatic."

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