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Europe Daily Bulletin No. 11960

14 February 2018
Contents Publication in full By article 10 / 22
SECTORAL POLICIES / Industry
EU financial support for Northvolt's European battery project
Brussels, 13/02/2018 (Agence Europe)

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...

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