European Commission Vice President in charge of Energy Union Maroš Šefčovič hosted the third political meeting under the European Battery Alliance in Brussels earlier this week.
The meeting brought together the Commission, the European Investment Bank (EIB) and some Member States with the objective to further engage them in cross-border large-scale integrated battery manufacturing projects. The discussions focused on sustainable production and the processing of raw materials, ways of financing new investments (i.e. Important Projects of European Common Interests) and the creation of new policies to push forward projects in Europe.
The meeting was also the opportunity to showcase what can be achieved jointly with the Member States and the European Investment Bank – mobilising the political forces behind innovative and competitive industrial value chains.
“The most visible achievement is undoubtedly the undisputable lead taken by our industry across the battery value chain”, said Maroš Šefčovič. With already €100 billion announced and being invested in flagship projects covering the entire supply chain since the launch of the European Battery Alliance 18 months ago, we are surely on the right path. Still, further projects are necessary to support the development of the supply chain and political support is essential for encouraging further investment.
From an EBA250 perspective, we are excited over the continued strong support from the European Commission, Member States and industrial actors to build a sustainable battery ecosystem in Europe. We are committed to pursue the efforts in engaging with and mobilising all relevant actors to realise the full magnitude of this industrial project.
Read Maroš Šefčovič’ statement.