An online platform has been launched by the European Institute of Innovation & Technology to bridge the gap between investors and businesses along the battery value chain.
The Business Investment Platform was launched on 25 September during the European Battery Alliance’s (EBA) EBA250 stakeholder meeting in Belgium.
Co-designed by industrial players and public and private financial institutions, the platform aims to shorten time to investment and reduce the associated risk for both parties by facilitating and coaching the businesses.
EBA predicts the business size of the European battery value chain will represent more than €250 billion ($272 billion) annually, by 2025.
Diego Pavia, CEO at EIT InnoEnergy, said at the platform launch that €70 billion of frontloaded investment in batteries was required to meet peak European demand by 2023.
In October 2017, VP of the European Commission, Maroš Šefčovič, gave EIT InnoEnergy the mandate to lead the implementation of the EBA to enable the transition to electromobility, keeping the value created in Europe.