Battery cell production is taking off – billions in investment planned
Germany’s federal government has decided to establish a strong battery industry. This encompasses the entire value chain: from material producers through mechanical and plant engineering to cell manufacturers and, of course, recycling companies. The Ministry for Education and Research is funding comprehensive battery research from transfer to industrial application. The Federal Ministry of Economic Affairs and Energy is offering additional support for industrial implementation and production in Germany.
The federal government is also funding a 500-million-euro research facility for battery cell production in Münster, while Volkswagen has announced that it will invest one billion euros in battery-cell production at its Salzgitter plant.
Last May, Germany and France sent a joint letter of intent to the EU Commission supporting a new battery production consortium. This initiative is to be underwritten to the tune of 1.2 billion euros and will include a pilot factory in France and further factories in Germany and France in 2022 and 2023 respectively.
The European Commission is planning to set binding standards for raw materials and production processes in cell manufacturing as well as cell recycling. Germany has already introduced this concept into its battery strategy and will play a major role in accessing secondary raw materials.
Financing and incentive instruments
Implementing all these solutions requires the public and private sectors to work hand in hand. This is why considerable support is being made available to firms thinking of investing in green tech in Germany.
Companies can take advantage of a wide range of financing and incentive instruments in the promising German market. Visit www.gtai.de/incentives for information on the incentives and funding available. Germany Trade & Invest (GTAI) offers free support services for companies planning to expand to this promising market.
Authors: Flérida Regueira Cortizo (email@example.com) and Anne Bräutigam (firstname.lastname@example.org) are industry experts in energy, building and environment technologies at Germany’s economic development agency, Germany Trade & Invest (GTAI). If you wish to discuss, how you can grow your business in Germany, just e-mail them to arrange a call.