Quebec has been pushing hard to make the province a hub for EV battery development
, luring companies with its low-carbon hydroelectricity and financial backing in tandem with the federal government. Premier François Legault and his cabinet colleagues have characterized the opportunity as an industrial revolution, with capital investment sums that the province hasn’t seen since Hydro-Québec undertook major dam projects in the 1950s and 1960s.
Northvolt spokesman Anders Thor did not immediately respond to a request for comment Tuesday. A spokesman for Mr. Fitzgibbon declined to comment. The federal and Ontario governments announced a deal in April to provide Volkswagen with up to $13.2-billion in subsidies for production support after the company builds a battery plant in St. Thomas, Ont. In June, Stellantis and LG Energy Solution reached a deal with those governments for as much as $15-billion in subsidies to restart construction on their EV battery factory in Windsor, Ont.
Northvolt currently produces batteries for transport and energy storage at a gigafactory in northern Sweden. It emphasizes sustainable production, with the plant powered by emission-free electricity. It has set a goal to produce 150 gigawatts of annual production capacity by 2030, with a focus on keeping a small carbon footprint through regional sourcing of materials and recycling.
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