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EU Funds €643 Million for Five EV Battery Projects

11/12/2025

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Story summary
  • Five electric vehicle battery cell projects signed Grant Agreements under the European Union’s Innovation Fund 2024 Battery call, securing €643 million from the EU Emissions Trading System.
  • The projects aim to cut 88 million tonnes of CO2e over ten years and will operate from 2027 to 2029.
  • Fortum Battery Recycling in Finland advances a hydrometallurgical recycling facility with potential funding up to €40 million to increase capacity and efficiency.