Published: 15 Dec 2020, 14:44 By: Andy Colthorpe Greece's Deputy Minister of Development and Investments Yannis Tsakiris (top left) with Sunlight CEO Lampros Bisalas (bottom). Image: SUNLIGHT. A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million in grant funding. Sunlight’s plan has been deemed an ‘Important Project of Common European Interest’ (IPCEI) under the European Union’s European Battery Innovation (EuBatIn) proposal, and the company has been approved to receive state aid from the Greek government under that categorisation. Germany’s Varta also received funding from its home government in July to pilot the production of large-format lithium-ion cells with €300 million in support to transfer the company's existing lithium-ion technologies to the new format as an IPCEI.