Northvolt Poland in Gdańsk

analysisNorthvolt Poland sp. z o.o. was entered in the Polish National Court Register (Krajowy Rejestr Sądowy, KRS no. 0000752226) on 12 October 2018. A business-information service's summary of the registration notice lists share capital of PLN 20,000 and two shareholders, Northvolt AB and South Bay Solutions Gdansk sp. z o.o.; it does not give each founder's stake, but Northvolt's 2022 annual report describes Northvolt Poland as a 50% joint venture until March 2021. According to that report, on 19 March 2021 Northvolt AB acquired the remaining 50% of the shares and voting rights in Northvolt Poland from "Southbay Solutions Poland z.o.o" (registration number printed as 3604051575), making it a wholly owned subsidiary, for a purchase consideration of SEK 84.9 m; Northvolt Poland had until then been accounted for as a joint venture, and remeasurement of the previously held 50% gave a gain of SEK 68.6 m. The seller's name and number as printed differ from those of the founding shareholder South Bay Solutions Gdansk sp. z o.o., and the records reviewed do not establish whether the two are the same company. ^{1 2 3}

analysisThe report's purchase-price allocation gives total consideration of SEK 169,738 thousand, made up of Northvolt AB shares issued at fair value of SEK 30,227 thousand, cash of SEK 54,642 thousand and the fair value of the previously owned shares of SEK 84,869 thousand, against identifiable net assets of SEK 33,526 thousand, leaving goodwill of SEK 136,212 thousand. The same note also states that the fair value of the consideration given was SEK 84.7 m, whereas the share and cash components add up to SEK 84,869 thousand (SEK 84.9 m). From the acquisition date Northvolt Poland contributed SEK 0 m to net sales and SEK -19.3 m to the 2021 result. ³

analysisNorthvolt's annual reports list its Gdańsk operations as Northvolt Dwa. The 2022 report gives Northvolt Dwa 283 employees, with the Northvolt Dwa Industrial facility operational since 2019 and previously named 'Northvolt Jeden', and Northvolt Dwa ESS under development; the 2023 report lists Northvolt Dwa Industrial and Northvolt Dwa ESS in Gdańsk among its operational sites, with 342 employees across both (site headcounts as printed in the report's site table, excluding joint ventures, not annual averages). In its final report of 15 June 2023 to the German Federal Ministry for Economic Affairs and Climate Action on the planned Northvolt financing, PricewaterhouseCoopers GmbH described Northvolt Systems Poland Sp. z o.o., Gdańsk, as formerly a joint venture with "South Bay Solutions in Gdansk" that Northvolt AB took over completely in 2021, responsible for assembling and selling battery systems, with a new factory in Gdańsk planned for 2023 to expand capacity for energy storage systems (ESS). That is PwC's description, without register details for the former partner; the Schleswig-Holstein economics ministry released the report to the state parliament as printed paper (Umdruck) 20/4945. Lyten announced on 15 October 2025 that it had completed its acquisition of Northvolt Dwa in Gdańsk, which it described as a 25,000-square-metre battery energy storage system (BESS) manufacturing and R&D facility opened in 2023; the release does not name the selling entity. ^{1 2 3}

analysisA business-information service's summary of the 2024 financial statements filed by Northvolt Poland sp. z o.o. gives assets of PLN 382.4 million, revenues of PLN 164.5 million, costs of PLN 751.4 million and a net result of PLN -586.9 million; these are rounded figures from the service's summary, and the official KRS extract records that the 2024 annual financial statements were filed on 14 July 2025. The same service lists public aid received by Northvolt Poland of PLN 155.1 thousand in 2022, PLN 174.7 thousand in 2023, PLN 1.7 million in 2024 and PLN 1.7 million in 2025, and EU co-financing under the 2014-2020 programming period for 3 projects with a total value of PLN 53.9 million and EU funding of PLN 21.8 million. These too are rounded figures as the service displays them, and the underlying aid decisions and projects are not itemised on the page. ^{4 5}

analysisThe official KRS extract for Northvolt Poland sp. z o.o. (state as of 17 February 2026, last entry no. 48 of 16 February 2026) shows KRS 0000752226, NIP (tax number) 5833325243 and REGON 381566640, a registered office at ul. Prof. Witolda Andruszkiewicza 7, 80-601 Gdańsk, and battery and accumulator manufacturing as its principal activity. It names Northvolt Systems AB as the sole shareholder, holding 162,073 shares with a total value of PLN 81,036,500, equal to the share capital, of which shares worth PLN 1,720,000 were taken up against an in-kind contribution (aport). The company agreement was concluded by notarial deed of 1 October 2018 and amended by notarial deeds of 19 December 2019, 30 August 2021, 10 December 2021, 21 June 2023, 8 January 2024, 9 May 2024 and 14 January 2025, the deeds of 30 August 2021 and 21 June 2023 each replacing the whole previous text of the agreement. Section 6 (dział 6) of the extract, which records liquidation, dissolution and insolvency or restructuring proceedings, contains no entries as of 17 February 2026, the extract reflecting the register up to entry no. 48 of 16 February 2026. ^{1 2}

analysisThe company has also carried another name. A business-information service's summary of a register notice dated 28 June 2023 shows it as Northvolt Systems Poland sp. z o.o. and records a change of shareholdings naming "Northvolt System AB" (as printed); the summary does not give the date or terms of the share transfer. Northvolt's 2023 annual report likewise lists the company as Northvolt Systems Poland Sp.z.o.o, while the official KRS extract of February 2026 shows the name Northvolt Poland and Northvolt Systems AB as sole shareholder. ^{3 4}

analysisAccording to KRS data reproduced by a business-information service, the management board of Northvolt Poland sp. z o.o. consists of Robert Chryc-Gawrychowski (registered as Robert Damian Chryc Gawrychowski), president of the management board since 12 October 2018, Piotr Homel, member since 6 December 2021, and Hanna Pielechaty, member since 28 November 2023. The official extract as of 17 February 2026 shows a three-person board of a president and two members, but gives officers' names only in masked form (first letters), which match the initials R. D. C. G., P. J. H. and H. P.; the full names come from the business-information service. Under the representation rule each board member may act alone up to PLN 500,000, and two members must act jointly above that amount. ^{1 2}

analysisLyten's release of 15 October 2025 said that Robert Chryc-Gawrychowski, previously CEO of Northvolt Poland, who had led Northvolt's work in Poland through the planning, construction and start-up of Northvolt Dwa, had recently been announced as CEO of Lyten Poland and would lead operations at Northvolt Dwa. KRS data reproduced by a business-information service list Chryc-Gawrychowski as president of the management board (prezes zarządu) of Lyten Poland sp. z o.o. since 28 October 2025. ^{3 4}

analysisSouth Bay Solutions Gdansk sp. z o.o. (KRS 0000739365, NIP 5842774319, REGON 380707191) was registered on 5 July 2018 with its seat in Gdańsk and has share capital of PLN 1,284,000, according to the official KRS extract (state as of 28 May 2026); its principal registered activity is that of head offices and holding companies, excluding financial holdings, and its registered name carries the suffix "w likwidacji" (in liquidation). The extract records that the company was dissolved and put into liquidation by shareholders' resolution no. 1 of 6 August 2025 (notarial deed Rep. A no. 7814/2025), with a single liquidator entitled to represent the company alone, whose masked name matches the initials R. D. C. G.; the extract shows officers' names only in masked form, and KRS data reproduced by a business-information service name the liquidator as Robert Chryc-Gawrychowski, in that role since 22 August 2025. The latest financial statements filed cover 7 August to 31 December 2025 and were filed on 28 May 2026. ^{1 2 3}

analysisA machine-generated summary of South Bay Solutions Gdansk's financial statements for 2025, published by a business-information service that labels such points as generated with AI from source documents, states that the company's property and financial position is affected by the value of shares in the Swedish company Northvolt, that impairment write-downs reduced the balance-sheet value of its long-term investments in shares between 6 August 2025 and the end of the period, and that, being in liquidation, it made no sales and conducted no business in the period. The amounts are hidden on the page, and the summary does not say how many shares the company holds, which Northvolt company issued them, or when and how they were acquired; the same service shows total assets of PLN 115.4 thousand for 2025. The official KRS extract records that South Bay Solutions Gdansk was dissolved and put into liquidation by a shareholders' resolution of 6 August 2025, with a single liquidator in office since 22 August 2025 according to KRS data reproduced by a business-information service. ¹