European energy storage battery subsidies

How much money does the EU budget give to the battery industry?

Overall, since 2014, the EU budget provided at least €1.7 billion in grants and loan guarantees, which add to state aid of up to €6 billion to the European battery industry notified by member states and authorised by the Commission between 2019 and 2021.

What are the new EU collaborative research projects on batteries?

Most of the new EU collaborative research projects on batteries are taking place under the BATT4EU Partnership, with €925 million earmarked for 2021-2027. A number of EU countries have also teamed up for ' Important Projects of Common European Interest ' on batteries research and innovation.

How much money will the EU spend on batteries by 2031?

By 2031, the Commission expects these projects to generate total investments worth €14 billion. Technological and Innovation Platform on Batteries (2018), which, among others, developed a new technological roadmap for European R&I work on batteries. 38 Proposal for a regulation concerning batteries and waste batteries, COM(2020) 798.

What is batteries Europe?

Batteries Europe, launched in 2019, is the technology and innovation platform of the European Battery Alliance, run jointly by the Commission and stakeholders in the battery industry.

Is the EU Industrial Policy on batteries effective?

84 Overall, we conclude that the Commission’s promotion of an EU industrial policy on batteries has been effective, despite shortcomings on monitoring, coordination and targeting, as well as the fact that access to raw materials remains a major strategic challenge for the EU’s battery value chain.

Is recycling batteries part of the EU development scheme?

Recycling batteries is part of the EU development scheme Image: picture-alliance/dpa/Fang