The green battery group, whose shareholders include Volkswagen, Goldman Sachs and BMW, needs billions of euros in capital to fulfil its plans to build or expand at least four gigafactories, including one due to be announced in the US or Canada in coming weeks.
Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.
“These milestones reinforces our position to meet the massive demand for sustainable battery solutions.” David Giordano, global head of climate infrastructure at BlackRock, said the battery manufacturing sector had attractive growth potential driven by the accelerating adoption of battery storage and electric vehicles.