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Time of India

US startup Lyten to take over Northvolt's energy storage systems factory in Poland

Synopsis US startup Lyten will take full control of Northvolt Dwa ESS, Europe's largest energy storage systems plant, aiming to expand its product range. The Gdansk-based facility, previously shuttered after Northvolt's collapse, will restart operations with existing and new orders. The financial terms of the transaction, which is expected to be completed in the third quarter, were not disclosed.