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 »
The Communication of the European Commission on Long Term Climate Strategy identifies that electrification will play a strong role in decarbonising EU economy, and that battery technology is key to enable electrification, both for the energy and transport sectors. The European Battery Alliance (EBA) was set up to promote innovation and the business value chain
BatteRIes Europe launches call for experts Read More »
The European Investment Bank (EIB) announces in-principle loan agreement to the Swedish start-up Northvolt. Founded in 2016, Northvolt is expected to receive a loan of 350 million euro – EIB’s largest ever direct financing of battery technology. This financing will support the construction of its large-scale lithium-ion battery cells manufacturing plant in Skellefteå, Sweden. A
Northvolt could secure a 350M euro loan from the European Investment Bank Read More »
The German carmaking giant is turning to the Swedish startup Northvolt for all its battery requirements. Volkswagen’s choice of Northvolt as a supplier was revealed in the German business and trade newspaper, Handelsblatt. Volkswagen will apparently expand its cooperation with Northvolt in the field of battery research, which it concluded in March, in order to
Volkswagen turns to Northvolt for battery cell mass production Read More »
Last week, two consecutive events have demonstrated that the decision of Vice-President Šefčovič to launch the European Battery Alliance was a visionary idea. On April 30, seven Member States confirmed their deep interest in mobilising funds to support the rapid expansion of their battery value chain, with concrete projects coming soon to reality. In front
European Battery Alliance: major developments, that call for even stronger efforts Read More »