L R AS Published on Sunday 30 August 2020 - n° 329 - Categories:French companies, lithium batteries

Schneider Electric to manage battery production in France

Verkor was created in July 2020 in France by the European research organisation EIT InnoEnergy, Schneider Electric and the engineering company IDEC Group, to build a lithium-ion battery production unit of

16 GWh at a location to be determined in France. Its production should begin in 2023. The cost of starting up the plant would be €1.6 billion.

The consortium hopes to join the Total - PSA project to manufacture batteries for electric vehicles on the national market.

https://www.pv-magazine.com/2020/08/20/french-start-up-plans-16-gwh-battery-factory/

PV Magazine of 20 August

Editor's note The project is based around Schneider Electric, the only company with the financial and industrial power to carry out and control the whole project. It is being carried out with the technological support of EIT InnoEnergy and an engineering company. This single manager already has the advantage of having a single decision-maker and the industrial will. The project can succeed. For Schneider, it has the advantage of broadening its range of activities and positioning itself in a market with a bright future. It's encouraging to see a major French player get into the fray. This justifies our opinion that any project supported by French or European politicians does not have as much chance of success as one led by an industrial player.

The competitor : The Total-SAFT/ PSA battery project

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