Northvolt, a prominent European battery startup, has recently declared bankruptcy. The company, which was once highly regarded for its innovation in the battery sector, had aimed to establish itself as a leader in the competitive battery market.
The circumstances surrounding Northvolt's failure raise important questions about the feasibility of ambitious industrial policies and the challenges faced by startups in the rapidly evolving energy sector.
In light of this announcement, Peter Carlsson, the founder and CEO, has resigned from his position.