5 February, 2019
B2U / Circular economy
Two weeks ago our CEO Jon Asín took part in the event organized by the Spanish Ministry of Industry, Trade and Tourism and InnoEnergy in order to announce the progress of the European Battery Alliance (EBA). It was a very positive meeting with the objective of encouraging partnership in the energy storage industry value chain. By doing so, Spain could boost this industry and develop the necessary technology ecosystem.
The EBA was launched in October 2017 by Vice President Šefčovič and which intends to create a competitive manufacturing value chain in Europe with sustainable battery cells at its core. To prevent a technological dependence on our competitors and capitalise on the job, growth and investment potential of batteries, Europe has to move fast in the global race. According to some forecasts, Europe could capture a battery market of up to €250 billion a year from 2025 onwards. Covering the EU demand alone requires at least 10 to 20 ‘gigafactories’ (large-scale battery cell production facilities).
As BeePlanet repurposes EV batteries we are at the end of the value chain, before recycling the depleted battery to recover valuable materials. We are the inception of an emerging industry eager to change the current energy model. Not only is this a revolution for the electricity grid system, as the operator will have to manage a distributed complex system, but will also have strong economic, environmental and even societal implications. As Diego Pavia, CEO of InnoEnergy, said, “This process is well under way, so it is up to us whether we take advantage of it”. BeePlanet Factory is already on track!