Tracked deals
4
4 tracked deals across 2025-2026.
Operating Company
Energy
Lyten
San Jose, California, United States
Lyten is the supermaterial applications company building critical infrastructure for the next era of energy, AI data centers, and defense. It develops lithium-sulfur battery technology (including Lyten 3D Graphene™) and delivers manufacturing and integrated battery/power products, including Voltpack Mobile Systems (VMS) and grid-scale energy storage applications.
- Focus Areas
- Lithium-sulfur batteries, 3D graphene advanced materials, Energy storage products
- Website
- lyten.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 divestiture
Lyten Acquisition Volume by Year
Last 2 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
March 14, 2026
- Buyer
- Lyten
- Target
- Northvolt Revolt Ett battery recycling facility (Revolt Ett)
- Seller
- Northvolt
- Industry
- Energy
- Location
- California, United States
- Type
- Buyout
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.
-
February 27, 2026
- Buyer
- Lyten, EdgeConneX
- Target
- Northvolt Ett, Ett Expansion (Skellefteå, Sweden), Northvolt Labs, Northvolt Sweden battery assets (Skellefteå and Västerås)
- Seller
- Northvolt
- Industry
- Energy
- Location
- Sweden
- Type
- Buyout
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.
-
July 28, 2025
- Buyer
- Lyten
- Target
- Northvolt Systems' BESS product portfolio (Voltpack Mobile Systems (VMS), Voltrack)
- Seller
- Northvolt Systems
- Industry
- Renewable Energy
- Location
- Stockholm County, Sweden
- Type
- Divestiture
Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.
-
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.
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