Lyten Acquires Northvolt's BESS Product Portfolio

LIXTE Biotechnology Holdings to Acquire NOMAD Transportable Power Systems

June 12, 2026

Energy

LIXTE Biotechnology Holdings, Inc. (NASDAQ: LIXT) has entered into a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, Inc. (NOMAD). Upon closing (expected around July 1, 2026), LIXTE plans to be renamed NOMAD Power Solutions and reposition as a deployable, utility-grade battery energy storage company.

Energy Vault Closes Acquisition of 850 MW BESS Portfolio in Japan from BayWa r.e. AG

April 9, 2026

Energy

Energy Vault Holdings has closed its previously announced acquisition of an 850 MW battery energy storage system (BESS) development portfolio in Japan from BayWa r.e. AG. The portfolio includes 350 MW of advanced-stage projects targeting NTP in H2 2027 and COD in mid-2028, plus 500 MW of early-stage projects and a local experienced development team.

Lyten to Acquire Northvolt Revolt Ett Battery Recycling Facility in Skellefteå, Sweden

March 14, 2026

Energy

Lyten announced it has entered into a binding agreement to acquire Northvolt’s Revolt Ett battery recycling facility in Skellefteå, Sweden. The company plans to integrate recycling into its expanding Skellefteå industrial hub and create a vertically integrated battery ecosystem (manufacturing, research, and materials recovery), with the deal expected to close in the second quarter of 2026. Financial terms were not disclosed.

Lyten Completes Acquisition of Northvolt Ett, Ett Expansion, and Northvolt Labs (Establishes Lyten Industrial Hub in Sweden)

February 27, 2026

Energy

Lyten has completed the acquisition of Northvolt’s battery assets in Sweden, including Northvolt Ett and Ett Expansion (Skellefteå) and Northvolt Labs (Västerås), totaling nearly $5 billion in value. The company is restarting production and establishing a Lyten Industrial Hub in Skellefteå that co-locates battery manufacturing with AI data centers, while EdgeConneX (EQT portfolio) plans to acquire a data center site from Lyten with potential scale to up to one gigawatt.

Lyten Acquires Northvolt Dwa ESS Battery Energy Storage Systems Operation

July 1, 2025

Energy

Lyten announced it will acquire Northvolt’s Dwa ESS operations in Gdansk, Poland—a 25,000 square meter battery energy storage systems (BESS) manufacturing and R&D facility. Lyten plans to restart production in Poland and expand its BESS product line, aiming to accelerate lithium-sulfur battery expansion into Europe and provide manufacturing capacity for the growing BESS market.

Scania Acquires Northvolt Systems Industrial Division

April 11, 2025

Manufacturing

Scania has agreed with the trustee to acquire the Industrial Division of Northvolt Systems, including production capabilities in Gdańsk and an R&D centre in Tomteboda, Stockholm, and a team of approximately 260 employees. The acquisition integrates battery system manufacturing and R&D into Scania Power Solutions to strengthen the company's electrification offering for off‑road and heavy industry applications; the purchase price was not disclosed.