The Wallonia government on Thursday launched an open call for industrial projects to produce batteries, announcing plans to provide €50 million in subsidies, as the global race steps up to manufacture batteries for electric vehicles and devices.
Will the EU subsidise a battery company?
The EU will subsidise companies and consortia that produce innovative battery cells or use innovative manufacturing processes and technologies. It remains to be seen whether the aid will arrive in time for Northvolt, for example.
Will the EU subsidise the production of battery cells for electric cars?
The new EU Commission has launched a call for funding totalling €1 billion for the production of battery cells for electric cars. The EU will subsidise companies and consortia that produce innovative battery cells or use innovative manufacturing processes and technologies.
How will the EU fund the battery industry?
Between 2020 and 2030, the EU expects to receive revenue totalling 40 billion euros from emissions trading, which will be distributed via the innovation fund as financial incentives to companies and authorities that invest in innovative, low-carbon technologies. In the battery sector, interested companies can apply for funding until 24 April 2025.
Why is totalenergies launching a battery energy storage system in Belgium?
This project, located on the Antwerp refinery site, will benefit from the available land and the site's grid connection. It is a new step in TotalEnergies' development of battery energy storage systems, which strengthens the Company's presence across the entire electricity value chain in Belgium (production, storage, supply).
Are lithium-ion battery housings a value-adding opportunity?
The company's core competencies (which include sheet metal forming, injection moulding, tooling, joining, coating, and assembly) lead to lithium-ion battery (LIB) cell housings being a significant value-adding opportunity.
Are Li-ion battery production companies a good investment?
Given the rise in zero-emission vehicle sales, the establishment of Li-ion battery production companies becomes an attractive investment for entrepreneurs. Where will the new facilities be located? Below, Mobility Portal Europe provides a list of some countries that have already presented inauguration plans.