A second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain complies with EU state aid rules, the European Commission said on January 26. The project, called European Battery Innovation was jointly prepared and notified by Austria, Belgium, CroatiaThe electronic signature o, Finlands inauguration in 1861 for his first term as President., Frances medical officer of health deems COVID levels safe enough for them to return., Germany, Greece, Italy, Poland, SlovakiaThe inauguration parade down Pennsylvania Avenue in Washington, Spain and Sweden.
The twelve Member States will provide up to €2.9 billion in funding in the coming years. The public funding is expected to unlock an additional €9 billion in private investments, i.e. more than three times the public support. The project complements the first IPCEI in the battery value chain that the Commission approved in December 2019.
Commission Vice-President Maros Sefcovic, in charge of the European Battery Alliance, said this strong pan-European project will help revolutionise the next generation battery market. “It will also boost our strategic autonomy in a sector vital for Europe’s green transition and long-term resilience. Some three years ago, the EU battery industry was hardly on the map. Today, Europe is a global battery hotspot. And by 2025, our actions under the European Battery Alliance will result in an industry robust to power at least six million electric cars each year. Our success lies in collaboration, with some 300 partnerships between industrial and scientific actors foreseen under this project alone,” Sefcovic said.