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June 23, 2021

European Commission launched lithium-ion battery investment project

The European Commission (EC) and the Batteries European Partnership Association (BEPA) have launched a public-private partnership aiming to encourage research into smart battery technology for Europe.

By JP Casey

The BATT4EU project signals European involvement in one of the fastest-growing sectors of the power industry. According to Bloomberg, the global demand for lithium-ion batteries has soared from 0.5GWh in 2010 to 526GWh in 2020. The market value of the sector is set to leap from $36.7bn in 2019 to $129.3bn by 2027.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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In a combined announcement, the EC and BEPA acknowledged the imbalance in the world’s lithium-ion battery production. Europe currently manufactures less than 1% of all global batteries, compared to more than 90% in Asia. Addressing this will be among the project’s main goals.

“With more than 165 members, BEPA shows that in Europe there is a great interest as well as know-how for the development of a competitive battery value chain,” said Michael Lippert, the chair of BEPA. “Thanks to BATT4EU, the European battery community will work hands in hands to prepare Europe to manufacture and commercialise by 2030 the next-generation battery technologies that will enable the rollout of the zero-emission mobility and renewable energy storage, thus directly contributing to the success of the European Green Deal.”

The European Green Deal is the EC’s larger-scale project to deliver a climate-neutral continent by 2050, and the BATT4EU initiative forms a key part of this scheme. Legislators built much of the deal around encouraging investment in clean energy technology, with the EC aiming to mobilise more than $120bn between 2021 and 2027. BEPA aims to generate just over $1bn from its members to help support the new initiative.

Similarly, BATT4EU falls under the authority of Horizon Europe. The EU established this $114bn scheme to fund research and innovation for clean energy projects, alongside initiatives to tackle climate change. By linking the new battery initiative to a broader network of EU funding programmes, the project hopes to build optimism that BATT4EU will be able to build on the work of earlier projects and deliver tangible change for the continent’s nascent battery industry.

“The partnerships with industry that are being supported in Horizon Europe are ambitious, impact-driven initiatives that respond to EU policy priorities,” added Rosalinde van der Vlies, director of the clean planet directorate at the EC. “The BATT4EU partnership contributes directly to the goals of the European Green Deal by enabling widespread adoption of e-mobility and stationary electrical energy storage.

“It will also create economic growth and jobs in a circular economy by developing an innovative, competitive and sustainable battery manufacturing industry in Europe.”

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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