Ann: Quarterly Activities and Cashflow Report, page-81

Well worth looking into the EBA that EGR joined during the QTR,
Could this be where our other 50% is secured for Kwinana, or additional funds required for Epanko?


European Battery Alliance

The company became member of the European Battery Alliance during the quarter. The European Battery Alliance (EBA) was launched in October 2017 and provides cooperative platform with the European Commission, interested EU countries, the European Investment Bank and key industrial stakeholders. The objective of EBA is to create a competitive manufacturing value chain in Europe with sustainable battery cells at its core https://www.eba250.com/.





PRIORITY ACTIONS
In a series of workshops and seminars, we have identified key objectives and prioritised actions that are crucial for reaching the goals of EBA250. The objectives and actions are presented below. If you would like to collaborate on any of these actions, please contact us.

Secure access to sustainably produced battery raw materials at reasonable cost
1. Secure access to raw materials from resource-rich countries outside the EU.
2. Facilitate the expansion/creation of European sources of raw materials.
3. Secure access to secondary raw materials through recycling in a circular economy of batteries.

Make Europe the global leader in sustainable battery technology

Support European battery manufacturing in order not to miss the expected massive growth in market demand (250B€ per year in 2025)

Create and support new markets for batteries, e.g through the “Clean Energy” & the “Mobility” packages. This also includes new initiatives, to support sustainable solutions for power, transportation and industry sectors in line with EU climate goals.

Grow Europe’s R&I capacity. Develop and strengthen skilled workforces in all parts of the value chain and make Europe attractive for world-class experts.

Involve the EU citizens in the journey: inform, educate & motivate

Ensure maximum safety for European citizens and create a competitive advantage through standardisation






BUSINESS INVESTMENT PLATFORM
The Business Investment Platform is a unique platform for key stakeholders along the entire battery value chain to accelerate transactions between investee and investor.
70B€ of frontloaded investment in batteries is required to meet peak European demand by 2023. In order to bridge the gap between investors and investees, EIT InnoEnergy has co-designed a Business Investment Platform (BIP) together with financial institutions – public and private – and several core industrial partners.
Enhancing the robustness of the investment cases , the objective of the BIP is to:

• shorten the time to investment,
• reduce business risk for the investee,
• reduce investment risk for the investor.

For more information and to apply, visit the BIP portal.

Well worth clicking on the BIP Portal,