A second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain complies with EU state aid rules, the European Commission said on January 26. The project, called European Battery Innovation was jointly prepared and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden.

The twelve Member States will provide up to €2.9 billion in funding in the coming years. The public funding is expected to unlock an additional €9 billion in private investments, i.e. more than three times the public support. The project complements the first IPCEI in the battery value chain that the Commission approved in December 2019.

https://www.neweurope.eu/article/sefcovic-hails-milestone-for-eu-battery-alliance/

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