Germany pledges $1bn to deliver cell-making plants as TerraE gigafactory stalls

Germany pledges $1bn to deliver cell-making plants as TerraE gigafactory stalls

Germany pledges $1bn to deliver cell-making plants as TerraE gigafactory stalls 1024 732 Energy Storage Journal

 

November 15, 2019: Germany’s government announced on November 13 it had set aside €1 billion ($1.2 billion) to build lithium ion gigafactories and research facilities to support its growing energy storage and electric vehicle markets.

Peter Altmaier, the country’s federal minister for economic affairs and energy, wants production to begin by 2021, according to news agency Reuters.

Altmaier said Germany was already in talks with France, Poland and Austria, with potentially up to €500 million needed per consortium to start production. There may be more than one consortium involved.

The individual consortiums would have the final say on the location of the plants.

The economics minister said he wanted concrete investment decisions to be made within the next six months.

The announcement comes as TerraE scrapped plans to construct two cell-manufacturing plants, totalling 34GWh, in Germany.

ESJ was unable to contact TerraE’s CEO Holger Gritzka despite a number of emails and telephone calls.

German daily-newspaper Tagesspiegel reported that the consortium — made up of companies throughout the battery making supply chain — had failed because none of the businesses involved were ready to shoulder the investment.

TerraE Holding was founded in May 2017, after six member companies in the KLIB (Kompetenznetzwerk Lithium Ionen Batterien – lithium ion battery competence network) formed an initiative to establish large-scale manufacturing.

The Winter edition of Energy Storage Journal takes a panoramic view of the European gigafactory landscape. Read it by visiting our website or email Claire Ronnie at admin@batteriesinetrational.com to subscribe.