RE: Positive comment30 Jan 2024 13:06
“Any value chain is as strong as its weakest link. In Europe, materials is the weakest link", said Diego Pavia, CEO of EIT InnoEnergy in #Davos today.
This is why we are delighted to launch the EBA Strategic Battery Materials Fund with a target size of €500M, in collaboration with Demeter. The Fund is dedicated to the development of a resilient and diverse battery raw material supply chain for Europe, boosting domestic capacities for strategic battery materials such as lithium, nickel, cobalt, manganese, and graphite.
Société Générale acts as the exclusive financial advisor for the capital raising.
The Fund was announced today at #WEF24, alongside European Commission EVP Maroš Šefčovič on a panel hosted by Capgemini.
#EBA250 #EuropeanBatteryAlliance #CriticalRawMaterialsAct