Anglo-Korean battery company Eurocell has confirmed it is in advanced discussions to build a 3.25GWh plant in the Netherlands that will supply cells to the energy storage and e-mobility markets across Europe.
The firm intends to construct the plant in two phases; the 155MWh first phase is due for completion by early 2023 with the second 3.1GWh phase reaching its full 40 million cell per year capacity two years later.
The company says the two phases could be on separate sites.
Representing an initial investment of $800 million rising to $2 billion by 2028, the gigafactory will transfer skills from its unnamed Korean partner.
Nick Clay, chief commercial officer, Eurocell EMEA, said the firm was encouraged by the positive engagement it had with the Dutch government and NOM investment and were confident it would be able to confirm the exact location of the gigafactory in the near future.
In February, Eurocell said it had shortlisted six sites, and were in discussions with owners and manufacturers across the UK, Spain and the Netherlands, with the final choice dependent on gaining the “right level of central government support and investment”.
The company says its cells performance include: 10C cycling, and a 7,000 cycle life at 4C-rate with a capacity retention rate of 98%.
