May 16, 2022
Germany grants IPCEI funding to Northvolt
As reported by electrive.com last week, Northvolt will receive European funding for its manufacturing plant in Germany via the IPCEI (Important Projects of Common European Interest) mechanism. The IPCEI is a transnational project funded by state aid aiming at promoting strategic industrial areas in the EU, thus contributing to growth, employment and competitivess.
The establishment of special funding programmes like the IPCEI to support the development of a sustainable battery value chain in Europe was one of the high priority actions identified as crucial for reaching the goal of the European Battery Alliance back in 2017. We are pleased to see that many Member States have now used this opportunity to support innovative battery projects and foster cooperation.
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