Hydrovolt, a battery recycling and raw materials company, has taken its final investment decision on expanding its business to France through establishing recycling capacity located in Hordain in the heart of Northern France’s battery valley.
Hydrovolt is already running one of Europe’s largest EV battery recycling plants in Fredrikstad, Norway. When the company now expands its business to France, it is based on the valuable experience and existing recycling activities in Norway.
Northern France is chosen as the preferred entry region as it is a growing hub for the battery value chain. The area has already attracted four major battery gigafactory investments, much due to the region’s location, skilled workforce and industrial and automotive tradition.
OleChristen Enger, CEO of Hydrovolt, said:
“This is a big milestone for Hydrovolt, and the entry to the French market will help us maintain our position as a leading European recycler of EV and industrial batteries. It is key for us to establish local presence across Europe to help build a circular battery value chain.”
As a first step, Hydrovolt will be establishing a collection point with the ability to discharge and dismantle EV batteries and industrial batteries. The chosen site in Hordain already has a setup suitable for recycling operations designed at approx. 3000 square meters. Pending final permits, the company estimates to start operations in 2025.
European demand for batteries is growing exponentially, mainly driven by the electrification of transport, with an expectation to further increase by 2030. Recycling provides a new supply of battery-grade metals which is preferable to freshly mined materials.
About Hydrovolt
Hydrovolt is a battery recycling and raw materials company established in 2020. We are a joint venture between the Norwegian industry giant Hydro and the Swedish battery manufacturer Northvolt. By pioneering battery recycling of EVs and industrial batteries, we create a circular solution for end-of-life batteries by enabling production of high quality, and sustainable raw materials. At Hydrovolt, a battery can become a battery an infinite number of times. We do this to ensure that no battery is ever wasted by urban mining and recycling through our vision of a circular world. Hydrovolt is headquartered in Oslo while operating one of Europe’s largest EV battery recycling plants in Fredrikstad, Norway.
For more information visit hydrovolt.com
