Eurocell, the Anglo-Korean battery company, is in advanced discussions to build its first European Gigafactory in the Netherlands, supplying battery cells across the continent.
The company intends to construct its new Gigafactory in two phases, with Phase One to produce advanced battery cells at scale by early 2023 for existing European customers.
Phase Two, potentially on the same site, will be capable of producing more than 40 million cells per year by 2025.
According to Eurocell, its batteries, developed in Korea, last more than ten times longer than conventional lithium-ion cells, making them far more sustainable, with no ‘end of life’ issues.
The company says it will produce ‘production ready’ technologies in 12 months and that the proposed Gigafactory will create hundreds of direct and indirect jobs, transferring skills from Korean battery experts.
Eurocell is backed by its South Korean partners which have decades of experience in electro-chemistry, making batteries at mass-scale and building Gigafactories.
Nick Clay, Chief Commercial Officer, Eurocell EMEA, said, “In its Climate Policy, the Netherlands outlines its ambition to lead Europe in the fight against global warming with a comprehensive strategy to reduce emissions across industries.
“With rapid expansion plans in Europe, Eurocell is encouraged by the positive engagement we have had with both the Dutch Government and NOM investment and development agency for the Northern Netherlands over the last few months.
“As we enter the final stages of discussions, we are confident that we will be able to confirm the exact location of our first European Gigafactory in the near future.”