The venture capital (VC) arm of Caterpillar has invested in ElevenEs, a startup building a gigawatt-hour-scale lithium iron phosphate (LFP) cell factory in Europe.

More BESS news from across Europe, with ContourGlobal and Alpiq striking sizeable deals in Greece and France, Iberdrola putting projects into operation in Spain, and other project news in Germany, Poland, Denmark and Southeast Europe.

Turkey-based developer and IPP Fortis Energy has acquired a solar and battery energy storage system (BESS) project in Serbia.

Some of the current market prices for lithium-ion batteries are below cost and will not last forever but Europe still needs to be more cost-competitive, the CEO of one of Europe’s first large-scale manufacturing facilities told Energy-Storage.news.

ElevenEs has opened a lithium iron phosphate (LFP) gigafactory in Serbia, which it claimed is the first in Europe.

A gigawatt-scale factory producing lithium iron phosphate (LFP) batteries for the transport and stationary energy storage sectors could be built in Serbia, the first of its kind in Europe.