This initiative is designed to promote the building up of developmental know-how in this promising field and to help establish competitive European battery production. Two of the Austrian firms invited to participate are Miba AG and Voltlabor of the Mühlviertel region.
During a two-year qualification process, the technologies of Miba and Voltlabor were carefully evaluated. Moreover, the business model and growth prospects of the firms were subject to a rigorous assessment. As a comparatively small player, Voltlabor is a pioneer in Austrian battery technology, but will emerge as the largest Austrian manufacturer of Li-ion battery packs.
The large-scale battery project EUBatin has been given a budget of € 2.9 billion by the EU Commission. The public funding is expected to unlock an additional €9 billion in private investments. On balance, the consortium consists of a total of 42 companies from twelve member states, encompassing the entire battery value chain, from raw material suppliers and producers of battery cells and packs to car manufacturers and recycling companies.
Read more about the Austrian battery developer Kreisel and its cooperation with Shell.