COPENHAGEN, March 13 (Reuters) - Lyten has entered into

a binding agreement to acquire Northvolt's former battery

recycling site Revolt, the U.S. startup said on Friday, two

weeks after it completed its purchase of bankrupt Northvolt's

Swedish assets.

Lyten, a Silicon Valley-based developer of lithium-sulfur

batteries, has revived hopes for European battery making with

its deal to buy Northvolt - once seen as the region's best

chance at challenging Chinese electric-vehicle battery makers.

* "We are currently identifying the right partners to

restart and scale recycling operations at the Lyten Industrial

Hub in Skelleftea," Lyten CEO Dan Cook said in a statement.

* The deal with Northvolt included licenses to key

technology, Lyten said.

* The Revolt site, one of Europe's largest fully integrated

battery recycling plants, is located next to Lyten's Ett

gigafactory in Skelleftea.

* The facility, with an installed recycling capacity of

8,500 tonnes per year and the infrastructure to scale further,

supports the recycling of lithium, cobalt, nickel, and

manganese, according to Lyten.

* The financial terms of the deal are not disclosed by any

parties.

* The acquisition is expected to close in the second quarter

this year.