Verkor has received the support of the European Investment Bank, securing the financing of its technological and innovation centre in Grenoble, France which is coming to completion the first half of 2023. This latest mechanism mobilises Verkor’s solid financial ecosystem of industrial partners in the battery sector, commercial banks, investment funds, and public banks. The […]
On Wednesday, the US government announced that it will award grants from the Bipartisan Infrastructure Law worth a total of US$2.8 billion to 20 manufacturing and processing companies in order to support and develop the domestic manufacturing of batteries for electric vehicles (EVs) and the electric grid. The funding for the selected projects will support:
Battery materials making headlines in the US and in Europe Read More »
Leading the EBA250 initiative, EIT InnoEnergy joins the CIRPASS consortium, brining together a core network of leading organisations in building the European vision for a unified Digital Product Passport (DPP) approach across multiple value chains. Funded by the European Commission under the Digital Europe Programme, CIRPASS aims to prepare the ground for the gradual piloting
The Serbian company ElevenEs has completed a 2-year development programme and produced a prototype of the largest battery cell in Europe. Customer deliveries are set to start in the first quarter of 2023. As per a press release published today, the first and largest full-size LFP (Lithium Iron Phosphate) battery cell in Europe was developed
ElevenEs produces a prototype of the largest LFP battery cell in Europe Read More »
Europe can proudly and accurately call itself a climate leader in a number of spheres. The Fit for 55 package is the latest boost to Europe’s green ambitions, confirmed regarding the transport sector by a positive vote of the EU Council in the June for increased CO2 reduction targets for new cars and new vans
A domestic raw material supply chain is essential for Europe’s battery ambition Read More »
After the launch of several battery strategies at national level, (Sweden in Dec 2020; Finland in Jan 2021; Hungary in Sept 2021), it is now Norway’s turn to release its national ambitions related to batteries. The Norwegian Battery Strategy was launched yesterday with the aim to develop a coherent and profitable battery value chain, from
The strategic alliances along the European battery value chain continues to expand. Last week, Stellantis announced a €50 million equity investment in Vulcan Energy, becoming the second largest shareholder in the lithium company. This investment will go towards Vulcan’s planned production expansion drilling in its producing Upper Rhine Valley Brine Field (URVBF) and will increase
Stellantis becomes shareholder in decarbonized lithium company Vulcan Energy Read More »
We are pleased to share another milestone for the European battery industry. Benchmark Mineral Intelligence has indeed just upgraded Northvolt to a Tier 1 supplier of batteries to the automotive market. We count currently only nine companies ranked Tier 1 worldwide, of which seven are active in Europe. The fact that Northvolt is the first
First homegrown European battery company to qualify as Tier One supplier Read More »
BASQUEVOLT, the Basque solid-state battery initiative, will begin production of battery cells in 2027 with the aim of reaching a capacity of 10GWh. This is one of the main objectives set out in the BASQUEVOLT’s articles of association, in which the Basque Government, Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy, and CIC energiGUNE all feature as
As Europe is dependent on importing more than 80% of the necessary battery materials, building up a certain share of domestic production within the EU is critical. Not only this increases the security of supply, but it also creates opportunities to build up more integrated value chains with potentially lower domestic production costs and greater