Storskalig batteriproduktion - en förutsättning för övergången från fossilt till förnybart Carl-Erik Lagercrantz, ordförande, Northvolt 14 Mars, 2017 © 2017 Northvolt AB, Strictly Confidential 2018-11-14

Enabling the Future of Energy A battery will do for the electricity supply chain what refrigeration did to our food supply chain Prof. Donald Sadoway Electrochemist, MIT Materials Science © 2017 Northvolt AB, Strictly Confidential 2018-11-14

We aim to build Europes largest battery manufacturing platform Driven by the need to transform our society towards a fossil fuels free economy Enabling European competitiveness What differentiates us? Deep vertical integration, scale, state of the art automation For automotive, energy storage and industrial sector The world’s most sustainable battery with a full life cycle approach 32 GWh in 4 phases 500 000 m2 buildings 2500-3000 jobs Sketch by Sweco © 2017 Northvolt AB, Strictly Confidential 2018-11-14

Why now? Urgency to mitigate the effects of climate change is accelerating the transition to a fossil fuel free society Increased use of Li-ion batteries is one of the cornerstones in this transition Technology is there but needs scale and cost Likely to see large capacity constraints © 2017 Northvolt AB, Strictly Confidential 2018-11-14

The products Li-Ion products that supports Automotive, Energy and industrial sector Aim to create a circular system, and has the highest ambitions regarding life cycle management The Nordic energy systems with almost no carbon footprint of electricity generation enable us to produce the worlds most sustainable battery © 2017 Northvolt AB, Strictly Confidential 2018-11-14

What is the timeline Q2 Build up a team in Stockholm with 30+ experts Summer 2017, site selection Second half 2018, start construction Start of production late 2020 Fully built out capacity by 2023 © 2017 Northvolt AB, Strictly Confidential 2018-11-14

Funding Funding agreements from companies and organizations such as Vattenfall, Stena, The Swedish Energy Agency, Sweden’s innovation agency, Vinnova, and InnoEnergy (European innovation ecosystem for sustainable energy) are in place. This support, together with private investments by the founders, lays the foundation for the first phase. External funding for coming phases (construction and volume production) will be defined by 2018. © 2017 Northvolt AB, Strictly Confidential 2018-11-14

Enabling the Future of Energy © 2017 Northvolt AB, Strictly Confidential 2018-11-14