Sweden’s hopes for a booming green industry face challenges as Northvolt, the nation’s flagship battery plant, struggles with significant financial issues, including $5.8 billion in debt and a recent bankruptcy filing. This situation is compounded by decreased demand for electric vehicles and increased competition from Asia. Experts warn that Northvolt’s downfall could damage Sweden’s reputation in sustainable technology, while calls for increased government support grow amid concerns over competitiveness in the global market.