EIB provides €1 billion in funding to support European battery industry

SMART ENERGY INTERNATIONAL | At a meeting of the European Battery Alliance on Tuesday 19 May, European Investment Bank (EIB) Vice-President Andrew McDowell, confirmed the Bank’s commitment to supporting a strong, independent European battery industry.

The alliance was initiated by European Commission Vice President Maroš Šefčovič in 2017, who also hosted the meeting.

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