{"id":353826,"date":"2024-12-10T18:16:49","date_gmt":"2024-12-10T17:16:49","guid":{"rendered":"https:\/\/climatescience.press\/?p=353826"},"modified":"2024-12-10T18:16:51","modified_gmt":"2024-12-10T17:16:51","slug":"hundreds-of-millions-in-subsidies-for-german-gigafactory-in-jeopardy-as-northvolt-files-chapter-11","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=353826","title":{"rendered":"Hundreds Of Millions in Subsidies for German Gigafactory in Jeopardy as Northvolt Files Chapter 11"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NoTrickZone<\/a><\/p>\n\n\n\n

By\u00a0P Gosselin<\/a><\/em><\/p>\n\n\n\n

All that glisters green is not gold\u2026<\/strong><\/p>\n\n\n\n

The electric car market is reeling in Europe\u2026<\/strong>Germany\u2019s electric car ambitions have taken another body blow as Swedish Northvolt declares bankruptcy in USA.<\/strong><\/p>\n\n\n\n

The massively taxpayer-subsidized gigafactory now under construction in Heide is in jeopardy and becoming a huge embarrassment for Germany\u2019s Socialist-Green government. <\/strong><\/p>\n\n\n\n

\"\"
Press image\u00a0Northvolt<\/a><\/em><\/figcaption><\/figure>\n\n\n\n

Northvolt, a Swedish battery manufacturer, is facing immense financial difficulties and has filed for Chapter 11 bankruptcy protection in the United States. This filing has raised concerns about the future of Northvolt\u2019s battery plant now under construction near Heide, Schleswig-Holstein, Germany.<\/p>\n\n\n\n

Construction of the Northvolt Drei battery factory near Heide began in March 2024 and it was planned to begin production in 2026.<\/p>\n\n\n\n

In 2023, the German government and the state of Schleswig-Holstein began to provide significant financial support for the project for the Northvolt plant in Heide, which included a direct grant of 700 million euros and a guarantee of 202 million euros. German Minister for Economic Affairs and Climate Action, Robert Habeck, (Green Party), called the battery plant<\/a> \u201cone of the most significant lighthouse projects of the energy and transport transition, which will create thousands of green tech jobs.\u201d<\/p>\n\n\n\n

Habeck, who majored in philosophy<\/a> and has no education in economics, went on to call the Heide gigafactory project \u201cone of the most important industrial investments in Europe in key green technologies.\u201d<\/p>\n\n\n\n

Habeck\u2019s lofty dreams have since turned into a nightmare<\/strong><\/p>\n\n\n\n

But since Northvolt has filed bankruptcy in USA, the cash is gone and it\u2019s increasingly likely German taxpayers will be left to pick up the tab as dreams of a flagship gigafactory in Heide disintegrate.<\/p>\n\n\n\n

The billion-euro investment in the plant pushed by Chancellor Olaf Scholz (SPD) and Economics Minister Robert Habeck was to be supported by public funds, loans and direct subsidies.  According to Blackout News<\/a>, \u201cThe consequences are now hitting German taxpayers with full force.\u201d<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

All that glisters green is not gold\u2026<\/p>\n

The electric car market is reeling in Europe\u2026Germany\u2019s electric car ambitions have taken another body blow as Swedish Northvolt declares bankruptcy in USA.<\/p>\n","protected":false},"author":121246920,"featured_media":353831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818526,691820063,691829344,691831894],"class_list":{"0":"post-353826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-bankruptcy","9":"tag-germanys-socialist-green-government","10":"tag-northvolt","11":"tag-taxpayer-subsidized-gigafactory","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1u2S","jetpack-related-posts":[{"id":352232,"url":"https:\/\/climatescience.press\/?p=352232","url_meta":{"origin":353826,"position":0},"title":"Northvolt Goes Bankrupt","author":"uwe.roland.gross","date":"25\/11\/2024","format":false,"excerpt":"Swedish electric vehicle (EV) battery manufacturer Northvolt filed for bankruptcy after the company\u2019s dreadful liquidity position left the business with only one week\u2019s worth of cash to fund its operations.","rel":"","context":"In \"bankruptcy\"","block_context":{"text":"bankruptcy","link":"https:\/\/climatescience.press\/?tag=bankruptcy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":370607,"url":"https:\/\/climatescience.press\/?p=370607","url_meta":{"origin":353826,"position":1},"title":"Northvolt File for\u00a0Bankruptcy","author":"uwe.roland.gross","date":"18\/03\/2025","format":false,"excerpt":"Go woke, go broke! Following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company, the Board of Directors of Northvolt AB today announced that it has filed for bankruptcy in Sweden.","rel":"","context":"In \"bankruptcy\"","block_context":{"text":"bankruptcy","link":"https:\/\/climatescience.press\/?tag=bankruptcy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":346735,"url":"https:\/\/climatescience.press\/?p=346735","url_meta":{"origin":353826,"position":2},"title":"Electric car battery maker\u2019s value slashed by\u00a085pc","author":"uwe.roland.gross","date":"14\/10\/2024","format":false,"excerpt":"Investors are preparing to write off nearly the entire value of their stakes in\u00a0Swedish battery giant Northvolt\u00a0as a crisis at the troubled European green technology champion deepens.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":379942,"url":"https:\/\/climatescience.press\/?p=379942","url_meta":{"origin":353826,"position":3},"title":"The Northvolt drama","author":"uwe.roland.gross","date":"26\/05\/2025","format":false,"excerpt":"This drama about the battery factory is entering the next round. The NDR\u00a0reports on the closure of the main plant in Sweden.","rel":"","context":"In \"battery manufacturer\"","block_context":{"text":"battery manufacturer","link":"https:\/\/climatescience.press\/?tag=battery-manufacturer"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/0ChatGPT-Image-26.-Mai-2025-08_43_26.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/0ChatGPT-Image-26.-Mai-2025-08_43_26.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/0ChatGPT-Image-26.-Mai-2025-08_43_26.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/0ChatGPT-Image-26.-Mai-2025-08_43_26.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/0ChatGPT-Image-26.-Mai-2025-08_43_26.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":334252,"url":"https:\/\/climatescience.press\/?p=334252","url_meta":{"origin":353826,"position":4},"title":"The abrupt end of a miracle battery","author":"uwe.roland.gross","date":"23\/06\/2024","format":false,"excerpt":"Perhaps the story about a supposed revolution in battery technology is also somewhat symptomatic of how the media work and fail. First things first. The Japanese company TDK reports progress in battery technology. New batteries from the company are said to have an enormous energy density. This is to increase\u2026","rel":"","context":"In \"battery technology\"","block_context":{"text":"battery technology","link":"https:\/\/climatescience.press\/?tag=battery-technology"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":398388,"url":"https:\/\/climatescience.press\/?p=398388","url_meta":{"origin":353826,"position":5},"title":"Porsche axes plans to build electric car batteries as demand collapses","author":"uwe.roland.gross","date":"28\/08\/2025","format":false,"excerpt":"The German carmaker announced that it will wind down operations at its production subsidiary Cellforce and refocus the division on research and development instead.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/353826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=353826"}],"version-history":[{"count":5,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/353826\/revisions"}],"predecessor-version":[{"id":353833,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/353826\/revisions\/353833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/353831"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=353826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=353826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=353826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}