The companies Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy and CIC energiGUNE have launched the Basquevolt initiative with the Basque government to research, develop and produce solid-state batteries.
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Pure Battery Technologies (PBT), an Australian specialist in cathode materials for use in electric car batteries, has received an investment from WIT InnoEnergy. The money will be used to finance the establishment of industrial mass production in Germany.
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The Berlin-based battery swapping station company Swobbee has raised 5.9 million euros in its Series A financing round. The financing round was led by the organisation EIT InnoEnergy that has joined Swobbee as a strategic investor.
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The European Commission has awarded energy investor EIT InnoEnergy a 10-million-euro grant for the European Battery Alliance (EBA) Academy. Launched in 2021, the EBA Academy trains professionals across the value chain of the European battery industry.
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Volkswagen has taken a stake in energy investor EIT InnoEnergy and hopes that closer cooperation in future will lead to joint innovation and investment activities, which are to be driven primarily by the involvement of promising start-ups.
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The Serbian company ElevenEs has announced a strategic partnership with EIT InnoEnergy to build the first LFP lithium-ion battery gigafactory in Europe. The location has already been decided, but construction is not due to start until 2024.
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France and EIT InnoEnergy, an independent body set up by the EU, have signed a memorandum of understanding to launch the so-called EBA250 Academy to retrain and upskill tens of thousands of workers for the French battery industry.
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Volkswagen is investing another 620 million dollars, or about half a billion euros, in its battery cell partner Northvolt. The funding is part of a $2.75 billion private placement that the Swedish company announced today alongside news on production capacity increases.
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Managed by EIT InnoEnergy and supported by Bill Gates’ Breakthrough Energy Fund, the new European Green Hydrogen Acceleration Center, EGHAC in short, aims to drive the green hydrogen sector in Europe. Cost reductions for industrial and heavy-duty applications take priority.
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The ultracapacitor manufacturer Skeleton Technologies from Estonia has closed a new financing round for 41.3 million euros. Since its foundation in 2009, Skeleton has thus already raised over 93 million euros in capital.
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Verkor has announced its intention to produce battery cells for electric cars on a gigawatt scale in Europe, among other things. The newly founded French company relies on well-known partners and is already looking for a site for the factory.
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InnoEnergy is investing around three million euros in e-bility, the manufacturer behind the German electric scooter brand Kumpan Electric. The goals of the cooperation are the further development of e-bility’s product and service range and faster market launch in other European countries.
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Under the leadership of German university TU Braunschweig, eight consortium partners from industry and science have laid the foundation for a network of pilot lines across Europe concerning the research and development in the production of modern lithium-based battery cells.
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The Norwegian startup Freyr is planning to set up battery cell factories in the gigawatt range. The first plant should be located in Rana, Norway and greater plans for a “Nordic Battery Belt” with at least ten plants are in the pipeline.
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