EIT InnoEnergy Annual Report 2019
3.1 BUILDING A EUROPEAN BATTERY INDUSTRY EBA250 is a unique platform for key stakeholders throughout the entire battery value chain. The network includes the European Commission, EU member states, the European Investment Bank and now more than 400 industrial, innovation, academia and financial stakeholders. The objective is to build a strong panEuropean battery industry that is able to help Europe capture a growing market worth 250B€ per year from 2025.
The future is electric. In the massive migration from fossil to electric, the availability of capable batteries is a major issue. The need for efficient batteries – for transport, power and industrial applications – is growing fast and at an increasing pace. The European Commission launched the European Battery Alliance (EBA) in October 2017 to address this industrial challenge. The annual market value is estimated at €250 billion from 2025 onwards. For Europe, the establishment of a complete domestic battery value chain is imperative for a clean energy transition and a competitive industry. The economic upside is clear: the market will have an estimated annual value of up to €250 billion by 2025. By combining European cutting-edge competences, financial strength and a crossindustrial approach, a competitive and sustainable production capacity is clearly within reach. The industrial development programme of the European Battery Alliance, the EBA250, is managed by EIT InnoEnergy. EBA250 is a project-driven community that grew during the course of 2019 from approx. 200 to more than 400 stakeholders, from mining to recycling, actively collaborating to build a strong and competitive European battery industry.
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