Overview
- Multiple outlets report that Lyten, KfW, the federal government and Schleswig-Holstein have provisionally agreed on a purchase price near €60 million and are drafting a memorandum of understanding this week.
- Lyten’s proposal would replace Northvolt’s larger cell factory with a smaller battery‑cell plant, a large battery storage facility and a data center, targeting about 1,000 jobs instead of the 3,000 once planned.
- Schleswig-Holstein’s cabinet and two Landtag committees are set to review the proposal this week, and government spokespeople say talks with Lyten are ongoing with no formal confirmation yet.
- The site’s sale would partly offset earlier public losses tied to Northvolt: KfW issued a roughly €600 million convertible bond backed by federal and state guarantees, of which portions were spent, some funds have been returned and remaining sums are restricted.
- Regional politicians and auditors demand full transparency and strict scrutiny of any future subsidies or funding requests, reflecting prior court rulings and audit criticism over how the original Northvolt project was handled.