Extremadura hosts southern Europe’s first battery cell factory project

Phi4tech, together with the regional President of Extremadura and the General Secretary for Industry in Spain, has formally announced in a press conference – on the 24th of March, 2021 – the first integrated battery project in Southern Europe, which includes in the same region, a lithium extraction and refining project – Lithium Iberia -, a nickel and cobalt extraction project – Aguasblancas -, a cathode manufacturing plant, and a 10 GWh cell manufacturing plant.

The total investment for such project is 1000M€, out of which they have secured 600M€ already. Furthermore, this integrative project will offer 1300+ direct employment opportunities for the region.

Alejandro Ayalla, referential partner of the project business group states that:
“ Extremadura is going to lead the integral project of energy storage in Europe. There is already financing, clients and projects; if we add then the decision to locate in Caceres the national center of research and energy storage, which we are going to collaborate on a theoretical and practical level, plus the Navarra University, which whom we are going to collaborate to develop a master for the future engineers: We can count on the most integrative project of the whole European Union.”

More information on Phi4Tech website or in the press conference (in Spanish)

Image: Phi4Tech website