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18 January 2024, Davos: EIT InnoEnergy, the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology (EIT), a body of the European Union (EU), and Demeter Investment Managers, a major European private equity and venture capital firm; today announced the launch of a fund dedicated to the development of a […]

EBA 250 welcomes the renewed commitment to the battery industry by the European Commission to ensure EU supply chains and an ecosystem on batteries and electric vehicles is strengthened. Batteries are instrumental to enabling Europe’s transition to a decarbonized economy. The proposal by the European Commission to extend the current rules of origin for EVs

EBA250 continues to boost growth of the European battery industry On 2 December 2023, at the occasion of COP28 in Dubai, Executive Vice-President of the European Commission Maroš Šefčovič announces a new cooperation with EIT InnoEnergy to facilitate access to EU public finance for battery startups. Within the framework of the European Battery Alliance (EBA250)

Verkor recently secured over €2 billion in a funding round, including €850 million in Series C funding, €600 million in support from the European Investment Bank, and approximately €650 million in French subsidies. This substantial investment will accelerate the construction of their Dunkirk gigafactory, advance technological developments, and strengthen their position in the European battery

Last week, the Chinese battery company Shanghai Putailai New Energy Technology (PTL) announced its plans to establish a factory in Northern Sweden, just outside Timrå with the aim to build Europe’s largest facility for the manufacture of anode materials. Anode material is a main component of batteries, but currently production of this key material is

Two very important documents for the European green transition where released yesterday: The Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU and make sure the Union is well-equipped for the clean-energy transition. This initiative was announced by President von der Leyen as a part of the Green Deal Industrial Plan. Read more

Exploring the momentum of the Nordic battery industry – and how it can unlock the EU’s quest for a sustainable value chain Recorded episode in Studio 1 (BuS Stockholm) 23 February/2 March 2023 at 09-00-12.00 CET Participants: Julia Altenhofer, Director EU Public Policy, Northvolt Ilka von Dalwigk, Policy Manager, EIT InnoEnergy Richard Zuang, General Manager,