The European Commission has adopted a new set of regulations, which aim to offer all Europeans benefits from safer vehicles, reduced pollution and advanced technological solutions, while supporting the competitiveness of Europe. Initiatives in the package include the first CO2 standards for heavy-duty vehicles and a strategic action plan for the development and manufacture of batteries in Europe.
EIT InnoEnergy, Europe's sustainable energy innovation engine, welcomes these initiatives and, in particular, the strategic action plan for batteries. This was inspired by the 49 recommendations that InnoEnergy built together with more than 120 stakeholders of the industrial battery ecosystem over the past four months, as part of the European Battery Alliance (EBA).
This plan identified key actions and clear milestones to accelerate the EU's position in the global battery market. These actions will support the entire battery value chain by using all available European resources: funding, legal instruments and political initiatives, for example.
With this new announcement, InnoEnergy believes Europe is on the right track to capture a battery market of up to €250 billion a year from 2025 onwards.
Diego Pavia, CEO of InnoEnergy, commented: "We are proud to play our role in achieving this European ambition. This is an important milestone for the European Battery Alliance that brings us significantly closer to earning the EU's place as a leading player on the global battery market. The latest announcement by the EU not only recognises the value of the EBA's but represents major progress on the pathway to realising this burgeoning opportunity for Europe's energy industry."
Concrete investment projects have already been identified in the ecosystem the EBA has established. InnoEnergy will strongly support these initiatives, as a co-investor or facilitator.
Pavia continues: "InnoEnergy shares Vice-President Šefčovič convictions; the scale and speed of the necessary investment require combined efforts to address this industrial challenge. We are determined to dedicate our resources, our experience supporting 26 different battery innovators and our ecosystem to help reaching that objective."