Energia
Prime Batteries Technology and EIT InnoEnergy join forces to scale up battery and storage production in Europe
Prime Batteries Technology has long-standing experience in producing battery and tailor-made storage solutions across a range of industries including automotive, marine, industrial and material handling, and energy storage. The company's in-depth understanding of customer needs married with its broad coverage of value chain solutions has seen successful partnerships with large DSOs, EPCs, and renewable energy producers from the United Kingdom , Germany , Norway , Spain , Italy , Poland , Croatia , Slovenia , and Turkey .
With the value of the global battery market due to double in the next four years as demand grows rapidly for lithium-ion batteries - and in Europe , this demand outstrips production - dynamic growth and strengthening of the continent's supply chain is vital. It is on its way to become the second-largest battery producer after China by 2025 and this investment is an example of expertise and resource collaboration to enable rapid capacity scaling of key players in the market.
EIT InnoEnergy, which Pitchbook ranks as the most active sustainable energy investor globally, is the driving force behind the European Battery Alliance (EBA), and is recognised as a major early investor in other successful battery gigafactory ventures. These range from Swedish Northvolt (recently closed $2,75 bn financing round), to French Verkor (closed €250 m founding round and secured a strategic partnership with Renault).
" " says Vicentiu Ciobanu , chief executive officer at Prime Batteries Technology.
" " says Diego Pavia , CEO of EIT InnoEnergy.
View original content:https://www.prnewswire.co.uk/news-releases/prime-batteries-technology-and-eit-innoenergy-join-forces-to-scale-up-battery-and-storage-production-in-europe-301675037.html