As the EU ramps up its efforts to transition the bloc away from fossil fuels, its agencies are driving the development of startups like Verkor, a French company that aims to produce 50+ GWh annually in low carbon battery cells by the end of the decade. Based in Grenoble in France’s southeast, Verkor was founded in July 2020 with support from EIT InnoEnergy, the EU’s clean energy accelerator and manager of the European Battery Alliance’s (EBA) industrial development program. Established by the European Commission in 2017 and supported by the European Investment Bank, the EBA was created to...
A digital rendering of Verkor's proposed Gigafactory in France's southeast © Verkor
French startup Verkor aims to raise up to €1.3bn by the end of next year to finance its first Gigafactory producing sustainable lithium-ion batteries for the European market
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