Battery storage can serve on any level of the electricity grid. The article describes the role that can be played by residential storage. This is a clear indication on how power system solutions will increasingly be distributed in the system, including both production and storage. Read full article on PV Magazine.
Residential storage in Europe to grow 500% by 2024 Read More »
The price for renewable energy production in the form of solar and wind has dropped dramatically for quite some time now and became competitive with fossil energy. But the missing link has been storage. Today we can see how batteries are key in the future renewable energy system. The work of the European Battery Alliance
Why energy storage is proving even more disruptive than cheap renewables Read More »
Battery minerals will become “the new oil” as electrification of the transport sector is accelerating. This highlights the importance of domestic mineral resources for Europe. The European Battery Alliance encourages the development of a complete value chain for batteries including mining, cell production and recycling. Coupled with sustainability targets, this will ensure that both a
Cobalt, nickel, other battery metals face supply crunch by 2020s Read More »
The next EBA250 meeting will be held in Brussels on Wednesday, September 25th 2019. Following the output of the last EBA250 Stakeholder Meeting on January 29th and listening to EBA250 members’ input on how to bridge the gap between financial institutions and businesses, EIT InnoEnergy has since then, with the support of selected financial institutions
6th EBA250 Stakeholders Meeting Read More »
A lot has been achieved since the official launch of EBA250 in October 2017. The EBA250 network has developed into the meeting point for the industrial, R&I and financial stakeholders of the growing European battery ecosystem. As reference, in the 4th report on the State of the Energy Union April 2019, the European Commission acknowledges
EBA250 summer update Read More »
The launch event for BatteRIes Europe took place on the 25th of June at the Renaissance Hotel in Brussels, Belgium. The European Technology and Innovation Platform on Batteries is aimed at fostering innovation, research and knowledge for the entire European battery value chain, engaging stakeholders coming from industry, research and regulation and was kicked-off in
BatteRIes Europe launch event took place in Brussels Read More »
FREYR AS, a Norwegian incorporated company, is backed by a multi-million investment from EIT InnoEnergy to build a 32 GWh battery cell production facility in Rana municipality, Norway. EIT InnoEnergy’s investment will enable FREYR to complement the emerging Norwegian battery ecosystem, together with previously announced partners SINTEF – one of the largest independent research organisations in
On June 12, Vice-President Šefčovič in charge of the Energy Union met the Board of the European Investment Bank (EIB). In its speech, Maroš Šefčovič insisted on the tremendous progress made in the frame of the European Battery Alliance, also thanks to the support of the EIB. Whereas a number of challenges still have to be
European Battery Alliance: shaping Europe’s new industrial approach Read More »
The establishment of a complete domestic battery value chain in Europe is well on its way. Volkswagen Group and Goldman Sachs Merchant Banking lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. Combining this with the debt financing already set to be provided to the Swedish
As the battery production is of strategic importance for Europe, a high-level EBA250 meeting was organised in Krakòw, Poland on May 21st to discuss the opportunity for Poland and the Central and Eastern Europe region at large. More than 40 high-level representatives from private and public sectors actively participated in the meeting co-organised by InnoEnergy,
High-level EBA250 meeting in Poland during impact’19 conference Read More »