24.8 C
Supported byspot_img

Innovation Norway invests record amount in domestic battery projects

Member of Europium Groupspot_img
Supported byspot_img

Innovation Norway, a business support agency, has allocated Nkr995 million ($92 million) to support four domestic battery projects. This funding aims to foster innovation within the Norwegian and European battery value chain.

Håkon Haugli, CEO of Innovation Norway, noted that this allocation marks the agency’s largest funding effort to date. The initiative falls under the Important Project of Common European Interest (IPCEI) scheme. The supported projects include:

  1. Morrow Batteries, focused on LNMO technology development.
  2. Vianode, dedicated to advancing anode graphite solutions.
  3. Beyonder, specializing in high-power sodium-ion cell innovation.
  4. Cenate, working on silicon-based materials to substitute graphite in lithium-ion batteries.

Additionally, Norway has formed a strategic industrial partnership with the European Union, emphasizing raw materials and batteries. Industry minister Jan Christian Vestre highlighted Norway’s collaboration in developing EU policies and regulations as a key aspect of this partnership. Norway’s involvement is facilitated through its association with EFTA.

Supported by

Meanwhile, the Swedish Energy Agency has introduced and funded a new networking group called the Battery Arena. This initiative aims to bolster Sweden and the Nordics’ position as leaders in the global battery industry. The Battery Arena will serve as a platform for collaboration among industry players, academia, policymakers, and other stakeholders.

Supported byElevatePR Digital

Related News

Navigating opportunities and challenges: Trends in the battery industry, Germany

The battery industry is advancing steadily, driven by the increasing electrification of vehicles and the expansion of renewable energy sources. This growth in global...

Ascendant Resources Inc. updates on metallurgical testing progress at Lagoa Salgada project in Portugal

Ascendant Resources Inc. has shared an update regarding the optimization metallurgical test program focusing on the primary massive sulphides (PMS) domain at Lagoa Salgada. The...

Denarius Metals Corp. reveals pre-feasibility study findings for Aguablanca Nickel-Copper Project in Spain

Denarius Metals Corp. has released the findings of its pre-feasibility study, supporting the relaunch of the Aguablanca Nickel-Copper Project in Extremadura, Spain. Located approximately...

Joint venture by Ascend Elements and Elemental Strategic Metals to innovate EV battery recycling in Europe

Ascend Elements, a U.S. firm, and Elemental Strategic Metals from Poland have established a joint venture named AE Elemental to recycle electric vehicle batteries....
Supported by
Supported by
Supported by
error: Content is protected !!