Volkswagen invests another €500Mn in Northvolt
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.
European Green Hydrogen Accelerator (EGHAC) launches
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.
E-scooter maker Kumpan Electric gets €3M for expansion
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.
LiPLANET European battery cell pilot line network formed
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.