Europe: France: EIB provides €50 million to support Forsee Power's growth
©Shutterstock The EIB is providing €50 million to Forsee Power to help create a European battery champion. This second loan – following an initial €20 million granted in late 2017 under the Juncker Plan – will finance the expansion of the company’s range of products for 100% battery-powered, hydrogen hybrid and thermal hybrid vehicles. It will facilitate product development for new markets and strengthen Forsee Power’s manufacturing capacity. Forsee Power – the smart battery systems for the electromobility markets expert – has announced the conclusion of €105 million in ...
Source: energycentral.com