Eurocell in advanced talks with the Netherlands for $800m gigafactory
Birmingham-based battery manufacturer Eurocell, has confirmed that is is in advanced discussions to build its first European Gigafactory in the Netherlands.
The next-generation battery company intends to construct its new Gigafactory in two phases, reaching full capacity as early as 2025, with an initial investment of $800m rising to $2bn by 2028.
The first phase will produce advanced battery cells at scale by early 2023 for existing European customers.
The second phase, potentially on the same site, will be capable of producing more than 40 million cells per year by 2025.
Creating hundreds of jobs, Eurocell will transfer skills from its Korean battery experts to support the fast growing energy storage market in Europe.
Production ready technologies will be created in just 12 months.
Nick Clay, Chief Commercial Officer for Eurocell EMEA said: “In its Climate Policy, the Netherlands outlines its ambition to lead Europe in the fight against global warming with a comprehensive strategy to reduce emissions across industries.”
“With rapid expansion plans in Europe, Eurocell is encouraged by the positive engagement we have had with both the Dutch Government and NOM investment and development agency for the Northern Netherlands over the last few months.
“As we enter the final stages of discussions, we are confident that we will be able to confirm the exact location of our first European Gigafactory in the near future.”
Eurocell says its batteries, developed in Korea, have a technical advantage, lasting over ten times longer than conventional lithium-ion cells, making them far more sustainable, with no ‘end of life’ issues.
Eurocell EMEA is backed by its South Korean partners with decades of experience in electro-chemistry, making batteries at mass-scale and building Gigafactories.