From the Climate and Transformation Fund is to go one billion euros in strengthening the battery value chain. Companies can apply until November 9.
The German Federal Ministry of Economics and Technology wants to support companies with a total of around 1 billion euros in projects to strengthen the battery value chain. The investment in the battery value chain is intended to strengthen Europe's strategic sovereignty and increase Germany's economic security. Companies have until Nov. 9 to apply for government support to build and expand production capacity along the battery value chain, the ministry said, referring to the new funding guidelines. The funding is to come from the Climate and Transformation Fund.
"For a climate-neutral economy, we need the necessary technologies here at the site. Batteries are of crucial importance here for the electrification of transport, energy storage in the power grid and the storage of renewable energies in countless products. Further expanding production capacities for battery cells in Germany is an important measure for the transformation of the economy and society towards CO2 neutrality," said Federal Minister of Economics Robert Habeck (Greens).
The European battery ecosystem has developed dynamically in recent years, according to the ministry, in particular also due to the funding of innovative and large-scale projects in two major battery IPCEIs (Important Project of Common European Interest). Given the geopolitical challenges and because of high competitive pressure from third countries, it is necessary to maintain a level playing field for investments in key industries on a global scale, it said. According to the ministry, the new funding guidelines focus on large-scale and strategic projects along the entire battery value chain: from raw materials to battery cells and subsequent recycling.
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