US Startup Lyten Bets on Battery Boom With Northvolt Polish Purchase

California startup Lyten is buying a Polish energy-storage factory from Northvolt AB in a bid to become a global leader with its sulfur-based batteries.

Lyten, which last year bought another Northvolt’s plant in the US, is planning to use the Polish unit as a hub for its international operations. The Swedish manufacturer filed for bankruptcy earlier this year as it expanded too fast and run out of cash.