Eurocell, the Anglo-Korean next-generation battery company, is primed to take advantage of the rapidly-growing energy storage market, predicted to be worth $30BN by 2030.
The company’s proven batteries, which are now ready for scaled-up manufacturing, are perfectly suited to energy storage. They last over 10 times longer than conventional lithium-ion technologies, reducing virtually all ‘end of life’ issues. A wide range of operating temperatures also makes them ideally suited to areas with extreme weather and for off-grid solutions. Eurocell’s batteries are also safer than conventional batteries, with a vastly reduced risk of thermal runaways and fire risks in buildings.
Eurocell is now in advanced discussions with European customers including:
- Next-generation housing companies and property developers, where its batteries will be used to harness energy created from wind and solar sources to power future homes.
- A world-leading off-grid plant hire business wanting advanced, high-tech lighting solutions and generators to silently power outdoor events with zero-emission energy.
- A major energy company needing high performance and long-lasting battery storage solutions to balance the grid – providing affordable and stable energy at times of peak demand.
Recardo Bruins, CEO Eurocell EMEA, commented: “Quite rightly, a lot of the debate so far has been about the electrification of vehicles but we think it’s time to discuss the wider electrification of society. That’s not just about how we electrify our cars, but how we will charge them while providing renewable off grid solutions and powering our industry and homes.
“This is why Eurocell’s market leading batteries, which we will start producing next year, are so crucial. Their performance, safety and longevity make them ideal for ‘smart’ homes and offices where you can store renewable energy, or energy from the grid at the cheapest tariff and then deploy it when you want to. If we want to meet Net Zero targets and live in a clean and sustainable carbon-free world, then it’s essential we urgently find ways to electrify all aspects of our lives from renewable sources, and Eurocell will be a key enabler of this.”
Eurocell is now firmly on track with plans to build its first European Gigafactory, producing proven ‘production ready’ technologies in just 12 months, with full capacity coming as early as 2025.
- Eurocell is in advanced discussions with major property developers and energy companies to supply batteries to store energy from renewable sources, enabling Net Zero targets
- Anglo-Korean battery manufacturer, Eurocell, is building a Gigafactory in Western Europe to supply the $30BN energy storage market
- Eurocell’s South Korea developed, market-leading batteries to begin mass production in just 12 months
- Eurocell batteries are safe, higher performing in every condition and last 10 times longer than conventional lithium-ion cells – eradicating all ‘end of life’ issue
- New European home of Eurocell will benefit from huge jobs and investment boost, as well as the transfer of world-leading skills and South Korean technology
The company will mass-produce and export its market-leading technologies from one of three key markets, the UK, the Netherlands or Spain. It is already actively looking at sites and the final choice is heavily dependent on the right combination of local support measures, strategic benefits and site infrastructure. With some governments moving faster than others it’s likely that the most advanced proposal will be the final location.
The host country selected will benefit from the creation of hundreds of direct and indirect jobs, transferring vital skills from South Korean battery experts and boosting the economy in a strategic sector crucial to achieving Europe’s Net Zero ambitions.
Eurocell-EMEA is an Anglo-Korean company specialising in disruptive next-generation battery technologies. It is committed to building a European Gigafactory to supply world-leading production-ready batteries by 2023 and will be at full capacity by 2025.
The company uses verified and proven technology, developed by world-class South Korean developers, delivering higher performance than conventional lithium-ion batteries. They are safer, faster charging and discharging, longer lasting and able to operate in more extreme temperature conditions. As such they are ideally suited for all applications, including residential and distributed storage, charging infrastructure, automotive and mobility and auxiliary power systems.
Eurocell EMEA is a trading brand of FIC EMEA Ltd. FIC EMEA Ltd is a joint venture company between FIC Advanced Materials UK Ltd and three leading South Korean battery technology companies, namely: FIC Advanced Materials Inc; Indong Advanced Materials Inc; and Eurocell Inc.