The European Commission has selected six projects focusing on the production of battery cells for electric vehicles to receive a total of 852 million euros from its Innovation Fund. Financed by revenues from the EU Emissions Trading System, the goal is to increase battery production in Europe and to contribute to decarbonization while strengthening the industry.
All plants of the projects in operation by 2030
The projects to receive funding are “ACCEPT” by ACC and “AGATHE” by Verkor, both in France, as well as “CF3_at_Scale” by Cellforce Group and “WGF2G” by Leclanché in Germany, “NOVO One” by NOVO Energy in Sweden, and “46inEU” by LG Energy Solution in Poland. According to the Commission, all of the funded facilities must be operational by 2030 at the latest. The total planned capacity is approximately 56 gigawatt-hours per year. Based on the Commissionʼs forecast, the six projects are expected to reduce carbon emissions by around 91 million tons over a span of ten years.
14 proposals from eight countries
According to the Commission, independent experts evaluated the projects based on criteria such as degree of innovation, greenhouse gas reduction, maturity, transferability, contribution to security of supply, and cost efficiency. The six winning projects were ultimately selected from 14 proposals submitted by eight countries. Agreements on funding will be concluded with the EU executive agency CINEA in the third quarter of 2025. Other projects that are not yet sufficiently developed can receive planning support from the European Investment Bank. This targeted funding is part of a broader initiative that aims to strengthen the European battery value chain with up to three billion euros.
Source:
https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1727
