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The sustainable future of batteries in Europe rests on a developed recycling industry

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The energy transition requires a massive deployment of batteries for energy storage solutions – allowing the increase of renewables in the electricity mix – and also for electric mobility. For electric vehicles (EVs) alone, globally there are a total of 16.5 million on the road and nearly 10% of global car sales last year were […]

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Prime Batteries Technology and EIT InnoEnergy join forces to scale up battery and storage production in Europe

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Romania’s Prime Batteries Technology that produces lithium-ion batteries and tailor-made battery systems for the automotive, smart grids, and industrial sectors has signed an investment agreement with EIT InnoEnergy with the aim to scale up its annual production output to 8 GWh. Beyond supporting the increased production ambitions, the investment formalises EIT InnoEnergy as a shareholder

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Verkor raises more than 250 million euros in additional financing for its Verkor Innovation Centre

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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

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EIT InnoEnergy joins CIRPASS to lay the ground for the deployment of European Digital Product Passports

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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

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ElevenEs produces a prototype of the largest LFP battery cell in Europe

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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

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Norway launches its national battery strategy to attract large investments and factories in the field

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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

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Stellantis becomes shareholder in decarbonized lithium company Vulcan Energy

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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

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First homegrown European battery company to qualify as Tier One supplier

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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

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