Goldman Sachs Talks

Peter Carlsson, CEO of Northvolt

In this episode of Talks at GS, Peter Carlsson, CEO of Northvolt, explains how green batteries are driving the market transition to renewable energy, and why he sees Europe leading the way in the climate transition.   

On transforming energy generation: “One key change we need is in energy generation: we need to take out oil and natural gas, and replace it with renewable energy. And for every one of these steps that we’re doing, we are increasing instability in the grid. The holy grail in that transformation is the ability to store energy; to store energy when the wind is not blowing or when the sun is not shining. And there will be several different paths of storing energies, but batteries are going to be a key enabler of this transformation.”

On Europe driving the transition to renewable energy: “In the Nordics, we have a unique opportunity to be drivers in this transformation and show the rest of the world how a green transformation can be done. In part, this is because we have a very, very favorable energy mix to start with. And I think this is also an opportunity where the Nordics maybe should play a little bit more of a leadership role.”