The European Commission has selected six projects dedicated to electric vehicle battery cell production to receive a combined €852 million in funding from the EU’s Innovation Fund. Financed through proceeds from the EU Emissions Trading System, this initiative aims to scale up battery manufacturing in Europe, support decarbonization, and strengthen the regional industry.
All Projects Set to Be Operational by 2030
The projects receiving support include “ACCEPT” by ACC and “AGATHE” by Verkor in France, “CF3_at_Scale” by Cellforce Group and “WGF2G” by Leclanché in Germany, “NOVO One” by NOVO Energy in Sweden, and “46inEU” by LG Energy Solution in Poland. According to the Commission, each of the selected facilities must begin operations by 2030. Collectively, the projects are expected to deliver a total annual capacity of around 56 gigawatt-hours and cut carbon emissions by an estimated 91 million tons over a decade.
14 Proposals from Eight Countries Assessed
An independent panel evaluated all proposals based on criteria including innovation, emission reduction potential, project maturity, scalability, supply security contribution, and cost-effectiveness. Out of 14 proposals submitted from eight EU countries, six were ultimately chosen. The EU’s executive agency CINEA will finalize funding agreements with the selected projects in the third quarter of 2025. Projects still in early development stages may receive planning assistance from the European Investment Bank. This funding effort is part of a broader EU initiative to strengthen the battery supply chain with investments of up to €3 billion.
Source: ec.europa.eu/commission/presscorner