Battery of an electric car

© Source: iStock.com/Supersmario

This afternoon, the Federal Ministry for Economic Affairs and Energy will send the documents related to the first large-scale project on battery cell production to the European Commission and thus officially notify the project to the European Commission. German companies and companies from another six EU Member States are participating in the project. Their project is subject to approval by the European Commission under state aid rules.

Economic Affairs Minister Peter Altmaier said: “Today, we will send the documents related to the first large-scale project on battery cell production to the European Commission. This is a major step, and we hope that the Commission will approve the project under state aid rules before the end of this autumn. Today we know – and this was not certain one year ago – that Germany and Europe will themselves develop and produce competitive, innovative and environmentally sound battery cells. This is very important for our competitiveness and for secure jobs in Germany and throughout Europe.”

The Federal Ministry for Economic Affairs is currently coordinating two large-scale projects for battery cell production with the European Commission and other EU Member States. They are to be implemented as Important Projects of Common European Interest (IPCEIs). German companies play a crucial role in both projects.

The initiative aims to establish a functioning ecosystem for battery cell production – ranging from the processing of raw materials to battery cell production and recycling. The battery cells ‘made in Europe’ are to build on European innovations and set new standards regarding the CO2 intensity and sustainability of batteries.

The Federal Ministry for Economic Affairs and Energy has earmarked €1 billion for the establishment of battery cell production. The funding is to help secure and create innovative growth and jobs in Germany and Europe.