Creating a competitive and sustainable battery industry is a huge and urgent challenge for Europe that requires rapid actions in global competition. According to forecasts, the battery market in Europe could be up to EUR 250 billion from 2025 on. To meet this demand alone, Europe would need 10 to 20 Giga-factories for battery cell manufacturing. Due to the required investment volume and pace, this industrial challenge cannot be let uncoordinated by the EU.
In October 2017, an initiative was launched by the Vice-President of the EU Commission Maroš Šefčovič, to build a Battery Alliance with all players in the European value chain. TerraE is part of this Battery Alliance.
The main objectives of the action plan are:
It also calls on the participating Member States to
In October 2017, an initiative was launched by the Vice-President of the EU Commission Maroš Šefčovič, to build a Battery Alliance with all players in the European value chain. TerraE is part of this Battery Alliance.
The main objectives of the action plan are:
- Ensuring access to raw materials
- Support the production of European battery cells on a large scale and a complete competitive value chain in Europe
- Strengthening the leadership role of industry through increased support for research and innovation in the EU
- Build and strengthen a highly skilled workforce for all parts of the battery value chain
- Support the sustainability of the battery cell manufacturing industry in the EU
- Ensuring coherence with the general EU and regulatory framework
It also calls on the participating Member States to
- Provide support for industry-led projects in the field of battery cell manufacturing or other parts of the supply chain whenever indicated by means of national instruments and/or appropriate EU funding mechanisms for which they are responsible (e.g. structural Funds);
- Simplify and accelerate approval and approval procedures (environment, manufacturing, construction) for pilot lines and relevant industry projects.
