A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million in grant funding.
Leclanché is undergoing a “strategic reorganisation” of the company and said it has secured funding for its manufacturing and R&D activities while also announcing a pivot towards becoming a “green tech software and systems integration company”.
