Europe approves €3.2bn to support battery R&D
image credit: Display in Edison's Museum in Ft. Myers, FL.
- Dec 9, 2019 10:08 pm GMTDec 9, 2019 7:41 pm GMT
- 2313 views
Europe approves €3.2bn to support battery R&D, December 9, 2019, Brian Publicover.
The European Commission has approved use of funds given by seven member states to back Europe-wide R&D projects across the lithium-ion battery value chain, with the aim of potentially unlocking an additional €5 billion in private sector investment.
Seven EU member states – Belgium, Germany, France, Italy, Poland, Finland and Sweden – have agreed to provide up to €3.2 billion to support research into lithium-ion batteries across the continent. The main areas of focus will include the extraction and processing of raw materials, creation of advanced chemical materials, cell and module design, system integration and battery recycling.