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14 11 2018 01

Germany’s economy minister Peter Altmaier delivers his latest take on the European Battery Alliance (EBA) in Berlin today. While he signals strong targets and confirms funding of one billion euros, he cannot name concrete details of the planned battery cell production in Europe or Germany.

As far as names and locations are concerned, the Ministry of Economic Affairs is putting off the journalists gathered for the press conference in Berlin. “Signals from the industry suggest that concrete results may be available around the turn of the year. After that, concrete funding opportunities for consortia and locations will be decided,” says a BMWI briefing distributed at the meeting. So while the state speaks of being “concrete” the matter is in fact anything but concrete.

Yet, minister Altmaier had some news concerning the targets of the planned battery cell production in Europe. The goal is to cover around 30 percent of global demand for battery cells from German and European production by 2030. According to what he calls “legitimate estimates”, worldwide demand for mobile and stationary power storage systems will increase more than tenfold by this time. Indeed more than enough volume to enter the market on a large scale.

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