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EU approves €2.9 billion state aid for a second Pan-European research and innovation project along the entire battery value chain

Another milestone for the European Battery Alliance – The European Commission approved today €2.9 billion public support by twelve Member States for a second Important Project of Common European Interest (IPCEI) to support research and innovation in all segments of the battery value chain.

The project, called “European Battery Innovation (EuBatIn)” was notified jointly by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden and will complement the first IPCEI on batteries that the Commission approved in December 2019. The funding of the twelve participating Member States is expected to unlock an additional €9 billion in private investments, i.e. more than three times the public support.

https://www.eba250.com/eu-approves-e2-9-billion-state-aid-for-a-second-pan-european-research-and-innovation-project-along-the-entire-battery-value-chain/