Participating in the discussion over the future of battery production in Europe, TerraE Holding, CEO, Holger Gritzka, said: The European Commission's support is a strong signal and speeds up our activities. The TerraE project to build up Lithium Ion cell production in Germany is on track. The team of TerraE Engineering GmbH in Dresden, which is working on the planning and engineering, is expanding systematically and quickly. Thanks to our project partners of industry and research in the continuously growing European Battery Alliance, we will be able to produce with an innovative, cost-effective and sustainable technology.”
Commission vice-president, Energy Union, Maroš Šefčovič, added: "It is encouraging to see strategic projects such as TerraE with a strong and broad network take off the ground. We need positive stories of this kind to capture a European market that could be worth €250 billion per year from 2025 onwards. The European Battery Alliance will continue to support TerraE efforts, including its approach of involving several industrial and research players in its project.”
TerraE plans to mass-produce Lithium-Ion cells in Germany with a capacity of 34 GWh by 2028. The factories are operated as a ‘foundry’, which means that TerraE builds and operates the factories and customer’s Lithium-Ion Cells with specification can be manufactured there.