After Executive VP Maroš Šefčovič announced €3 billion in funding for EU battery value chains, H2IF attended a stakeholder workshop on battery manufacturing recently, focused on the possible funding instruments to be made available. Three possible instruments were discussed in the workshop: collaboration with the EIB, a dedicated auction, and a call for the Innovation Fund. Every route has advantages and disadvantages, such as variations in funding coverage and application intensity. The DG CLIMA team gathered input from the industry and distributed a survey to InnovFund battery stakeholders in order to identify common application barriers. Presentations from specialists and InnovFund winners were given at the event, providing insightful information on financing for batteries.
