With an aim to take advantage of the rapidly growing energy storage market that is predicted to be worth $30 billion by 2030, Anglo-Korean next-generation battery company, Eurocell is building a Gigafactory in Western Europe.
According to a communication from the company, its proven batteries are now ready for scaled-up manufacturing. The company is now in advanced discussions with European customers.
Eurocell is now firmly on track with plans to build its first European Gigafactory, producing proven ‘production ready’ technologies in just 12 months, with full capacity coming as early as 2025.
The company will mass-produce and export its market-leading technologies from one of three key markets, the UK, the Netherlands or Spain. It is already actively looking at sites, and the final choice is heavily dependent on the right combination of local support measures, strategic benefits and site infrastructure.
Recardo Bruins, CEO Eurocell EMEA, said, “Quite rightly, a lot of the debate so far has been about the electrification of vehicles, but we think it’s time to discuss the wider electrification of society. That’s not just about how we electrify our cars, but how we will charge them while providing renewable, off-grid solutions and powering our industry and homes.”
“This is why Eurocell’s market leading batteries, which we will start producing next year, are so crucial. Their performance, safety and longevity make them ideal for ‘smart’ homes and offices where you can store renewable energy, or energy from the grid at the cheapest tariff and then deploy it when you want to. If we want to meet Net Zero targets and live in a clean and sustainable carbon-free world, then it’s essential we urgently find ways to electrify all aspects of our lives from renewable sources, and Eurocell will be a key enabler of this.”