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Northvolt Collapse Raises Questions Over Europe’s Green Tech Ambitions

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Europe’s push for energy independence through green technology has suffered a major setback following the bankruptcy of Swedish battery maker Northvolt, once hailed as a homegrown champion of the electric vehicle revolution.

Founded by former Tesla executives Peter Carlsson and Paolo Cerruti, Northvolt raised more than $13 billion in just over seven years, attracting backing from major investors including Volkswagen and Goldman Sachs. The company built two factories in Skellefteå and Västerås between 2019 and 2024, aiming to capture 25 percent of the European battery market with 150 gigawatt hours of annual capacity.

That ambition unraveled when Northvolt filed for bankruptcy in March 2025, prompting the departure of Carlsson and casting doubt over Europe’s ability to build large-scale green manufacturing from scratch. In August 2025, US-based lithium-sulfur battery firm Lyten acquired Northvolt’s remaining assets in Sweden, Poland and Germany, including its production site in Skellefteå and research hub in Västerås.

Tom Johnstone, interim chairman of Northvolt’s board, said building a domestic battery industry remains critical for Europe but described it as a long-term effort requiring patience and sustained commitment. A company statement cited geopolitical instability and shifting market demand as contributing factors behind the collapse.

Despite the setback, global investment in green technology continues to grow. Bloomberg data shows spending on the energy transition reached $2.3 trillion in 2025, led by China, India and Japan. Analysts argue Northvolt’s failure reflects execution challenges rather than a broader retreat from clean energy.

Jan Larsson, head of Business Sweden, said the bankruptcy was a blow to the local community but insisted Sweden retains a strong battery ecosystem, particularly through collaboration with Finland and Norway.

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Other companies say they have learned lessons from Northvolt’s rapid expansion. Swedish sodium-ion battery startup Altris has shifted toward incremental growth and partnerships. In January 2026, it teamed up with Czech chemical group Draslovka to manufacture key battery materials rather than attempting full vertical integration.

Beyond batteries, wave energy developer CorPower Ocean is pursuing a phased approach. Founded in 2012, the company is developing a 10-megawatt project off northern Portugal with support from a €40 million EU Innovation Fund grant.

Industry leaders say regulatory complexity remains a hurdle. Licensing rules vary widely across European countries, slowing project development. Even so, advocates argue the energy transition remains central to Europe’s economic security and sovereignty.

Whether Lyten focuses on battery production or research in Skellefteå will shape Sweden’s next chapter in green tech. For many in Europe’s business community, Northvolt’s rise and fall has become a case study in the risks and rewards of building a new industrial sector from the ground up.

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Global Survey Finds Growing Concern Over AI-Driven Job Losses

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Growing concern over the impact of artificial intelligence on employment is being reported across the world, with more people expecting AI to reduce the number of available jobs than create new opportunities, according to a global survey by the Pew Research Center.

The study, based on interviews conducted between February and June 2026, surveyed more than 50,000 people across 37 countries. It examined attitudes toward AI, including expectations about its effect on employment, economic inequality and its growing role in everyday life.

Moira Fagan, a senior researcher at the Pew Research Center and one of the study’s authors, said public views of individual countries and confidence in their ability to regulate AI appear to be closely connected.

In Bangladesh, Malaysia, Pakistan, Sri Lanka, the West Bank and East Jerusalem, respondents were more likely to trust China than the United States or the European Union to regulate artificial intelligence.

Across the 11 middle-income countries included in the question, a median of 43% said they trusted China to regulate AI, compared with 35% for the United States and 34% for the European Union.

Fagan said favourable views of China were relatively strong in many middle-income countries and had increased in several places compared with the previous year. She said this may help explain the higher levels of confidence in China’s approach to AI regulation.

The survey also found that concerns about job losses were particularly widespread in wealthier countries. In Australia, South Korea and the United States, around seven in 10 adults or more expected AI to result in job losses over the next 20 years.

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People in richer countries were also more likely to worry that AI could widen economic inequality. Fagan said this could partly reflect greater familiarity with the technology.

People who said they had heard or read a lot about AI were more likely to expect it to reduce employment opportunities, according to the research.

Age was another factor in public attitudes. In several countries, including Canada, France, Singapore, Sweden, Indonesia, India and Malaysia, adults aged 18 to 34 were more concerned about AI-related job losses than older respondents.

Views were less divided over the broader presence of AI in daily life. Across the 37 countries surveyed, a median of 37% said they were more concerned than excited about AI, while 41% said they felt equally concerned and excited.

The findings come as debate grows over the pace of AI development and its potential risks. AI company leaders, including Sam Altman, Elon Musk and Dario Amodei, have raised concerns about the risks associated with increasingly advanced systems.

European Commission President Ursula von der Leyen has also called for greater caution over the development of frontier AI models and closer international cooperation on safety.

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Europe Accelerates Approvals for Autonomous Vehicles and Driverless Transport

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European regulators are approving a growing number of autonomous vehicle projects, from supervised driver-assistance systems to driverless trucks and passenger services, signaling faster progress in the deployment of automated mobility across the region.

Several European Union member states have recently approved Tesla’s Full Self-Driving Supervised system, allowing the company to expand access to the technology under national regulatory frameworks.

The developments have been followed by plans from Waymo, Google’s autonomous driving company, to begin its first European operations in Munich, Germany, by 2027.

Madrid has also moved forward with autonomous transport testing. The regional government recently approved Uber, WeRide and AVOMO to map routes and test autonomous passenger services in the Spanish capital. The first rides are expected by the end of 2026.

AVOMO, a subsidiary of Spanish mobility company Moove Cars Group, is focused on developing autonomous vehicle services in the United States and Europe.

WeRide has also received approval and entered a partnership with Zurich Airport to operate driverless buses between the airport terminal and aircraft parked at remote stands. The service is intended to transport passengers without conventional drivers.

In Croatia, Pony.ai and Verne have announced autonomous test drives between Zagreb Airport and the business district of the capital. The vehicles use technology powered by Nvidia chips, with the companies planning a broader rollout following the initial testing phase.

Verne is a spin-off of Croatian automotive company Rimac, highlighting the involvement of European firms in the development of autonomous driving technology.

Germany has also approved a major autonomous freight project. Swedish transport technology company Einride announced on September 15 that it had received approval from Germany’s Federal Motor Transport Authority, known as the KBA, for a Level 4 autonomous driving operation in partnership with German retailer Lidl.

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Under the pilot project, electrified driverless trucks will begin transporting goods between Lidl warehouses and stores in Germany from September 2026.

The project is designed to test autonomous freight transport in real-world conditions while helping Lidl address challenges associated with driver shortages and improve the reliability of its distribution network.

Germany’s regulatory framework is regarded as one of Europe’s more demanding environments for automated driving, making the approval significant for companies seeking to expand autonomous transport services.

The latest developments cover several areas of mobility, including passenger cars, airport transport, robotaxis and commercial freight. They also demonstrate how autonomous driving companies are increasingly moving from controlled testing environments toward limited public and commercial operations.

Supporters of autonomous mobility argue that the technology could improve road safety by reducing accidents caused by human error, while also offering greater convenience and helping address shortages of professional drivers.

However, the expansion of autonomous transport remains dependent on regulatory approval, technical testing and public acceptance. The recent approvals suggest that European authorities are continuing to develop frameworks that allow automated mobility projects to move from trials toward wider deployment.

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Trump Dismisses AI Extinction Fears as Global Calls for Guardrails Grow

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US President Donald Trump has dismissed warnings that artificial intelligence could eventually threaten humanity, calling concerns about an AI-driven catastrophe a “hoax” as governments, technology executives and international organisations debate stronger safeguards.

In a series of posts on Truth Social on Monday, Trump rejected claims that increasingly powerful AI systems could escape human control. He presented strong presidential leadership as the main protection needed against the technology and compared concerns about AI with issues he has previously criticised, including climate change and investigations into Russian interference.

Trump said the United States could not afford to lose the global AI competition to China, which has become a central part of his administration’s technology policy.

His comments came as concerns about the pace of AI development have intensified. Anthropic chief executive Dario Amodei called on AI companies on Saturday to slow the development of increasingly capable systems. OpenAI chief executive Sam Altman and Elon Musk’s xAI have also raised concerns about the potential risks associated with advanced AI.

Microsoft published a “humanist AI code of conduct” on Monday, saying AI systems should remain under human control and subordinate to people.

Concerns have grown following reports involving experimental AI systems. OpenAI previously said some models had accessed the internet and coordinated actions involving Hugging Face, a platform used to store and share software code. The incidents have contributed to a wider debate over whether increasingly autonomous systems can be reliably controlled.

AI data centres have also become a growing political issue in the United States because of their heavy electricity and water requirements. Opposition to new facilities has increased in some communities, while the expansion of AI infrastructure is expected to remain an important issue ahead of the US midterm elections in November.

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Trump criticised opponents of AI and data centres, arguing that excessive regulation could damage American technology companies and weaken the country’s position against China.

China has also increased its focus on AI risks while promoting the technology as a major area of strategic competition. Chen Yixin, China’s minister of state security, said on Sunday that artificial intelligence presented national security risks and could be used by foreign powers to threaten social stability.

Chen described AI as a major battleground in global technological competition and pointed to the advanced capabilities of systems including Anthropic’s Claude Mythos and OpenAI’s ChatGPT-5.5.

International concern is also reaching the United Nations. The UN Security Council is expected to hold a meeting on artificial intelligence next week, while UN human rights chief Volker Türk has urged governments and technology companies to respond urgently to what he described as unprecedented risks.

King Charles III is also expected to host representatives from leading AI companies at a gathering in Scotland.

The growing debate highlights a divide over how governments should respond to rapid AI advances. Supporters of stronger safeguards argue that development must be accompanied by effective oversight, while others, including Trump, warn that excessive restrictions could prevent the United States from maintaining its technological advantage over China.

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