European battery makers power up for a green recovery CarbonShift
There, InoBat will test battery chemistries and make prototypes tweaked to each carmaker’s needs.
NMC 811 cells include less cobalt than most mainstream EV batteries, which means they have the potential to deliver more power and with cheaper components. Kreisel said it uses an immersion liquid cooling system to solve the fire hazards associated with lithium-ion cells in large industrial applications, giving it an edge over rivals.But while European firms look for ways into the market, Asian rivals are building more capacity on the continent.
For now, Northvolt is the only European startup that looks like it will have the scale to take on the Asian giants in its backyard - and its first factory has yet to start production. Northvolt’s first 40 GWh plant is due to open in Sweden next year. A joint venture with Volkswagen in Germany will follow in 2024 with a potential capacity of 24 GWh and Northvolt has already struck deals to sell production worth 13 billion euros.Julian Jansen, head of energy storage research at IHS Markit, said Northvolt’s launch had been extremely impressive. “They’re doing it at a speed which has probably caught a lot of people by surprise, and which no one else has been able to do.
Verkor plans to build a 16 GWh lithium-ion battery factory in southern Europe by 2023 and Chief Executive Benoit Lemaignan said it would seek 1.6 billion euros next year from private equity firms and public investment banks.
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