On the sidelines of the second high-level meeting of the European Battery Alliance in Brussels on Monday 12 February (see EUROPE 11959), the European Investment Bank (EIB) announced that its Board of Directors had, on 6 February, approved financing of €52.5 million for the construction and operation by the Swedish company Northvolt of a first-of-a-kind demonstration plant in Västerås, Sweden, for the manufacture of lithium-ion batteries.
This plant, backed by InnovFin – EU finance for...