Strategic TerraE project joins EU Battery Alliance

27th February 2018
Source: BMZ
Posted By : Alice Matthews
Strategic TerraE project joins EU Battery Alliance

A number of discussions on various industrial aspects were held in Brussels on 22nd and 23rd February 2018, on the occasion of the 'EU Industry Day' under the umbrella of the European Commission. For TerraE Holding, CEO Mr. Holger Gritzka, participated in a discussion on the future of battery production in Europe, together with Commission Vice-President for the Energy Union Maroš Šefčovič.

According to Vice President Šefčovič: "It is encouraging to see strategic projects such as TerraE with a strong and broad network take off the ground. We need positive stories of this kind to capture a European market that could be worth €250bn per year from 2025 onwards.

"The European Battery Alliance will continue to support TerraE efforts, including its approach of involving several industrial and research players in its project."

TerraE Holding plans to mass-produce Lithium-Ion cells in Germany with a capacity of 34GWh by 2028. The factories are operated as a 'foundry', which means that TerraE Holding builds and operates the factories and customer’s Lithium-Ion Cells with specification can be manufactured there.

TerraE Holding was founded in May 2017 after six member companies of KLIB (Kompetenznetzwerk Lithium Ionen Batterien) had formed an initiative to build a large-scale production facility.

The European Battery Alliance is a platform gathering the European Commission, EU Member States, the European Investment Bank, industry representatives and innovation actors in support of industry-led projects, with the aim to establish a competitive, sustainable battery cell manufacturing in Europe supported by a full EU-based value chain.

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