Europe

Main Subsidies Are Oriented At Research & Development and Innovation, Upscaling And Clean-tech Debt Financing HORIZON EUROPE Research & Innovation

Upscaling to commercial level

INNOVATION FUND

EUROPEAN INVESTMENT BANK

Under the framework of Horizon Europe 2021 2027, the BATT4EU Partnership has a dedicated budget of € 925 million to fund consortiums working on R&I activities in the battery sector.

16 energy storage manufacturing projects requesting € 1,27 billion of public support in total.

Since 2018, 10 companies across the battery value chain have been supported for a total of more than € 370m EIB Financing, leading to more than € 700m of investments.

Topics include raw materials, novel chemistries, design, manufacturing, application (mobility & stationary storage, dismantling and recycling, transversal topics LCA, battery passport etc.)

Projects cover component manufacturing, cell & pack manufacturing and recycling. Companies currently benefiting include FREYR, Northvolt, Vianode, talga, Gränges, fenecon, Eramet, BASF and Valeo.

Debt Financing

Most known examples of venture debt investments are Northvolt and Verkor.

New Innovation Fund call extends budget to € 3,4 billion, with € 1 billion reserved specifically for cell manufacturing projects

Source: BEPA, European Commission, European Investment Bank

Extracted from the PDF; charts and images may read imperfectly.