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European Commission approves Battery Innovation IPCEI

Under the EU State aid rules, the European Commission approved a Project of Common European Interest (IPCEI) called European Battery Innovation to support research and innovation in the battery value chain. The project complements the first IPCEI in the battery value chain that the Commission approved in December 2019.

This IPCEI was jointly prepared by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden, which will provide up to €2.9 billion in funding in the coming years. This public funding is expected to unlock an additional €9 billion in private investments.

The project will involve 42 direct participants, including SMEs and start-ups. The direct participants will closely cooperate with each other and with over 150 external partners across Europe.

More information here.