$5 Billion Gigafactory Pledges to Bring Sustainable Batteries to Canada: Is There Cause for Concern?
By ESG Analyst Cameron Toy Kluger In late September, Swedish battery manufacturer Northvolt unveiled plans to begin construction of a new $5B battery plant outside of Montreal. The massive 170-hectare site will produce cells for electric vehicles and claims to feature “100% fossil-free energy powering production.” With plans to open in 2026, Northvolt expects the factory to …