Page 19 - Transition Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After months of worry that it would opt for an investment in North America over Europe, Sweden's Northvolt said it is set to pick Heide in northern Germany for its factory as long as subsidies are approved, estimated by one source close to the matter to be over 600 million euros. Taiwan's ProLogium, meanwhile, announced a new plant in the French city of Dunkirk after France offered deal sweeteners and competitive power prices, executives from the company said.

Northvolt confirms it's going to build a battery cell gigafactory in Germany, following the government's commitment to provide state aid.

STOCKHOLM/BERLIN : Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to win the subsidy race with the U.S.Both plants will start production in 2026,

German Economy Minister Robert Habeck's plans to subsidise electricity for energy-intensive companies to help them with increasing costs have prompted criticism from EU Commission Vice-President Margrethe Vestager.

China’s headstart complicates the journey to sustainability, says the boss of Northvolt | By Invitation