VIDEO: What does it take to finance a gigafactory?

By Solar Media Staff
Share on linkedin
Share on twitter
Share on reddit
Share on facebook
Share on email

What does it take to successfully create a multi-gigawatt battery storage factory?

The European Union has invested billions into creating a manufacturing supply chain for the energy storage market, seeing the multi-country initiative focus on key parts of the supply chain. Europe wants to make its own mark on the lithium-ion battery revolution, in both the electric vehicle (EV) and battery energy storage system (BESS) sectors.' editor Andy Colthorpe moderates a discussion with some key players in that European push. We hear what sort of financing and business strategies have been required to support Northvolt, a startup with an ambition to serve 25% of total demand across the continent from 150GWh of battery and system gigafactories. See the video below. 

Joining Andy in the virtual conference room are:

  • Joakim Palmgren – Project Finance North, Central and South East Europe at the European Investment Bank
  • Bo Normark – Industrial Strategy Executive at EIT InnoEnergy Steven Cespedes -Director, Project Finance at BNP Paribas
  • Edward Reed – Director of Advisory Services at WSP
  • Tim van Pelt – Director, Renewables and Power, Energy Sector at ING Bank
  • Marco Schweer – Director, Sector Lead – Renewable Energy at SMBC

This discussion took place at Solar Media's Energy Storage Virtual Summit, hosted in late September 2020.

With thanks to conference producer Lucy Jacobson-Durham and the rest of the team at Solar Media's Solar Events. 

Cover Image: Northvolt Ett under construction, Autumn 2020. Image: Northvolt. 

Read Next

May 20, 2022
French renewable power producer and developer Akuo Energy has commissioned a 29.2MWh battery energy storage system (BESS) in Tonga, several weeks after powering up a 19MWh project in Martinique.
May 20, 2022
Microinverter and home energy storage system supplier Enphase Energy has “relatively good availability” of its products despite high demand in the current supply chain environment, its marketing director for Europe told
May 20, 2022
Trina Storage has formed a partnership with solar inverter manufacturer Power Electronics to jointly deploy battery storage.
May 19, 2022
Co-located storage is growing as a proportion of the UK market with 7.2GW of projects in the pipeline, but structuring deals and offtake agreements presents a complex challenge according to an expert source.
May 19, 2022
The secretary-general of the UN has highlighted the crucial role battery storage can play in tackling the global climate crisis.

Most Popular

Email Newsletter