The European Commission announces €3 billion to boost the EU’s battery manufacturing industry.
Maroš Šefčovič announced that the Commission will set up a dedicated instrument for the battery value chain under the Innovation Fund mounting up to €3 billion, for three years. This will be added to the recent Innovation Fund opening for almost €4.8 billion (not limited to batteries).
Wouter IJzermans, BEPA Executive Director, said:
All investment in the European battery value chain is welcome as we are in a competitive international global environment. We look forward to collaborate with the European Commission to ensure that promised potential calls are complementary to what’s happening in the BATT4EU Partnership. What is clear is that BATT4EU will also continue to invest in other parts of the value chain than cell manufacturing and will continue to support lower-TRL reserach as well.
This €3 billion will cover the mid part of the value chain (AM/cell production), and there is an expectation of trickle-down economics to initiate much needed integration. A directed spill-over will be more incentivizing for the private investor as the case for validity of return in putting money in upstream or downstream would be way easier to prove.
Keep an eye on two #Batt4EU projects, GIGABAT project and BATMACHINE – greener EU battery cell manufacturing started this year. Both target the creation of an integrated manufacturing value chain in Europe, covering machinery development to plant and site integrated design.
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The European Commission announces €3 billion to boost the EU’s battery manufacturing industry. source
