RE: EMH RNS 'RE PARTNERSHIP AGREEMENT WITH EU BODY28 Jul 2020 10:05
Diego Pavia, CEO, EIT InnoEnergy commented, "The clear mandate of the EBA250 and EIT InnoEnergy is to secure raw materials, technological development and industrial production of modern energy technologies in Europe, for Europe to be largely self-supporting in these critical sectors. Lithium is central to this as the single most critical metal required for almost all energy storage technologies - as the lightest metal and with the highest charge density to mass ratio, it cannot be replaced."
"We see Cinovec as critical to the development of Europe's energy storage industry - it is the largest hard-rock lithium resource in Europe and the fourth largest globally, as such representing a strategic and accessible source of supply of a raw material critical to meeting the EU's climate goals of electrification of mobility and large-scale development of renewable energy storage. We very much look forward to supporting the development of Cinovec and full integration of this project into the European battery value chain, with local, ethical, traceable and sustainable production of lithium."