Overview
- CEO Dan Cook detailed the plan to Schleswig-Holstein’s leadership in Kiel after touring the site and scheduled meetings with federal officials in Berlin.
- Construction is targeted to begin in 2027 with production in 2028, contingent on completing the German Northvolt takeover.
- The project would combine lithium–sulfur battery manufacturing with battery storage and AI-focused data centers to diversify beyond pure EV demand.
- Lyten currently expects to finance the Schleswig-Holstein investments privately, while about €200 million from prior KfW support remains on a blocked account.
- State leaders expressed support for the revised plan, as opposition lawmakers pursue a transparency case that the state constitutional court will hear at the end of March.