Billion-Euro Package Mobilizes German Battery Sector

Nov 20, 2018 - Greentech Media

Varta and the Fraunhofer Institute are taking advantage of a new German government finance package for battery development.

The two organizations this month announced a research partnership days after Germany’s Economy Minister Peter Altmaier unveiled a €1 billion (USD $1.1 billion) fund for battery cell development.

Altmaier said the money was aimed at helping Europe secure 30 percent of global battery cell production by 2030. The European Commission believes the worldwide...