EUROCELL - Eurocell, the Anglo-Korean next-generation battery company, is set to build its first European Gigafactory, producing proven ‘production ready’ technologies in just 12 months, far faster than other Gigafactories. This is possible as Eurocell has a proven battery product which is ready for scaled-up manufacturing.
With an initial £600 million investment planned over two
phases, it intends to supply European energy storage, automotive, and
e-mobility applications. Full capacity will be reached as early as 2025.
The company will mass-produce and export its market-leading
technologies from one of three key markets, the UK, the Netherlands or Spain.
It is already actively looking at sites and the final choice is heavily
dependent on gaining the right level of central government support and
investment.
The host country selected will benefit from the creation of
hundreds of direct and indirect jobs, transferring vital skills from Korean
battery experts and boosting the economy in a strategic sector crucial to
achieving Europe’s net zero ambitions.
Eurocell’s batteries, developed in Korea, also have a
considerable technical advantage, lasting over ten times longer than
conventional lithium-ion cells, making them far more sustainable, with no ‘end
of life’ issues and perfect for ESS applications given its 100% safe and high
performance. Their wide range of operating temperatures also makes them ideally
suited to areas with extreme weather and without an existing grid network.
Recardo Bruins, CEO Eurocell EMEA “Eurocell in the UK is a new company, led by a highly
experienced UK team and backed by our South Korean partner with decades of
experience in electro-chemistry, making batteries at mass-scale and building
the Gigafactories to produce them. Now we are planning to rapidly expand in
Europe, supplying the energy storage and automotive industries with our
market-leading technologies that last longer, perform better and are 100% safe.
These products can be on the market in months, not years.
“To fulfil our mission, we are actively seeking a European
manufacturing base and are in advanced discussions with sites in the UK,
Netherlands and Spain. With the right level of central engagement and support
we are keen to take advantage of the rapidly growing European market as quickly
as possible.”
Eurocell intends to construct its new Gigafactory in two
phases. The first phase will begin producing advanced battery cells at scale by
early 2023 for existing customers. In parallel a bespoke facility will be
constructed on the same site, capable of producing in excess of 40 million
cells per year by 2025.