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🔋 EU Battery Scene Odyssey, Part 1

Writer: Emin AskerovEmin Askerov

This week, I’ve been crisscrossing Europe, meeting with battery industry players. Naturally, every single conversation has touched on the “N” word. Yes, Northvolt.


The mood? Mixed.


On one hand, somberness. Many companies are deep in fundraising mode, now saddled with an extra task—convincing investors that they’re not destined for the same fate as Northvolt.


On the other hand, relief. There’s a sense that Northvolt’s struggles might finally wake investors up. Perhaps they’ll stop throwing billions at “disruptive” startups that have no clue how to manufacture at scale. The industry doesn’t need more glossy pitch decks; it needs well-thought-out scale-up strategies and operational expertise.


This weekend, I’m in Berlin. If you’re around, let’s grab a beer and chat batteries (or anything else!) 🍻


Next week, my EU battery odyssey continues. I’ll be meeting more industry players and gathering fresh insights. Stay tuned—there’s plenty more to unpack in Europe’s battery revolution.


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© Emin Askerov, 2023.

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