Today, five electric vehicle (EV) battery cell manufacturing projects selected under the Innovation Fund 2024 Battery call (IF24Battery) have successfully signed their Grant Agreements. Sourced from the EU Emissions Trading System, these projects will benefit from a total of €643 million to help deploy their ground-breaking decarbonisation solutions.
The projects are expected to enter into operation between 2027 and 2029 and should reduce emissions by some 88 million tonnes of CO2 equivalent over their first ten years of operation.
Located across four EU Member States, these projects represent a major boost to Europe’s manufacturing industry and the emerging battery ecosystem. Implementing innovative processes and technologies, they will support key segments of the battery value chain with advanced material production, cell manufacturing, recycling technologies and second-life applications.
Their combined impact will contribute to:
- the creation of direct and indirect jobs
- increased European autonomy and reduced dependence on external suppliers
By accelerating the commercialisation of next-generation EV battery innovations, the projects will play a key role in delivering on the EU’s climate and industrial objectives, while strengthening technological competitiveness and resilience.
As a key clean technology, EV batteries advance the objectives of the Clean Industrial Deal and Industrial Action Plan for the European automobile sector by supporting the business case for products necessary in the clean transition and improving Europe’s competitiveness in this area. They are also in line with the objectives of the Net-Zero Industry Act and the Critical Raw Materials Act by reducing dependence on imported materials and building resilient, sustainable supply chains. Their second life and recycling applications align with the Circular Economy Action Plan, the Sustainable and Smart Mobility Strategy. Finally, the projects selected under this call are consistent with the Batteries Regulation, which promotes a competitive and sustainable European battery industry.
Further information on the selected projects can be found here