Galp and Northvolt to form a €700m joint venture.

Galp, a Portugal-based holding company, and Northvolt, a provider of electrification and renewable energy storage, to form a €700m joint venture. "This is a once-in-a-generation opportunity to reposition Europe as a leader in an industry that will be vital to bringing down global CO2 emissions, in line with European and Portuguese climate-change priorities," Andy Brown, Galp CEO.