{"id":468362,"date":"2024-01-19T09:00:00","date_gmt":"2024-01-19T08:00:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=468362"},"modified":"2024-01-19T09:00:00","modified_gmt":"2024-01-19T08:00:00","slug":"eit-innoenergy-and-demeter-launch-e500m-european-battery-raw-materials-fund","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/eit-innoenergy-and-demeter-launch-e500m-european-battery-raw-materials-fund\/","title":{"rendered":"EIT InnoEnergy and Demeter launch \u20ac500m battery raw materials fund to boost European strategic autonomy"},"content":{"rendered":"\n

EIT InnoEnergy,<\/a> the European innovation engine in sustainable energy, and Demeter<\/a> Investment Managers, a major private equity and venture capital firm, are launching a fund dedicated to a resilient and diverse battery raw material supply chain for Europe. <\/p>\n\n\n\n

With a target size of \u20ac500 million, the \u2018EBA Strategic Battery Materials Fund<\/em>\u2019 builds upon the success of the European Battery Alliance in its mission to create a resilient European battery industry. The fund is launched amidst soaring European demand for batteries, exposing significant gaps in the upstream (mining, processing) of the EU\u2019s battery material supply chain. In line with the EU\u2019s Critical Raw Materials Act (CRMA) requirements to decrease the EU\u2019s overreliance on foreign supply, the fund aims to boost domestic capacities for strategic battery materials such as lithium, nickel, cobalt, manganese, and graphite.<\/p>\n\n\n

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How the European Battery Alliance is preparing society for a decarbonized 2030<\/div>
The global battery market is booming. Boosted by the fast development of electric driving, consumer electronics, and storage for off-grid and microgrid systems.<\/div><\/div><\/div>\n\n\n

According to Diego Pavia, CEO of EIT InnoEnergy, Europe must intensify its domestic battery raw materials production efforts to secure a thriving and resilient European battery industry. “While it\u2019s encouraging to see a growing list of ambitious initiatives and financial stimuli from public and private players, their focus is typically on mature projects (post-Final Investment Decision). Yet these initiatives need a deal flow of de-risked projects. Therefore, we also need a focus on early-stage upstream projects committed to a sustainable, traceable, and transparent battery materials supply chain \u2013 and that\u2019s exactly what the EBA Materials Fund will deliver.\u201d<\/p>\n\n\n\n

Demeter will act as a fund manager and joint venture partner, bringing its wealth of experience in Greentech and infrastructure. EIT InnoEnergy will tap into its sector heritage, and Societe Generale will act as the exclusive financial advisor to EIT InnoEnergy and Demeter, supporting the raise of capital.<\/p>\n\n\n

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How the European Battery Alliance is driving decarbonization in Europe<\/div>
The global battery market is booming. Boosted by the fast development of electric driving, consumer electronics, and storage for off-grid and microgrid systems.<\/div><\/div><\/div>\n\n\n

At least 70% of investments from the EBA Materials Fund will be dedicated to projects increasing EU domestic production from mining, processing, refining, and recycling in the EU and neighboring countries. The remaining 30% will focus on increasing raw material supply from EU Raw Material Partnership countries, such as Canada, Namibia, and Argentina.<\/p>\n\n\n\n

The EBA Materials Fund promises to support projects in obtaining the highest environmental standards, following the robust sustainability criteria set under the EU Battery Regulation on traceability, sustainability, and circularity, as well as other criteria currently being set under the CRMA. <\/p>\n","protected":false},"excerpt":{"rendered":"

EIT InnoEnergy, the European innovation engine in sustainable energy, and Demeter Investment Managers, a major private equity and venture capital firm, are launching a fund dedicated to a resilient and diverse battery raw material supply chain for Europe.  With a target size of \u20ac500 million, the \u2018EBA Strategic Battery Materials Fund\u2019 builds upon the success […]<\/p>\n","protected":false},"author":1568,"featured_media":495146,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[42],"tags":[76438,83158,77591,32638],"location":[70256],"article_type":[36684],"serie":[],"archives":[],"internal_archives":[],"reboot-archive":[82815],"class_list":["post-468362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability-nl","tag-battery-magazine","tag-demeter","tag-eba","tag-eit-innoenergy","location-eu","article_type-news","reboot-archive-green"],"blocksy_meta":[],"acf":{"subtitle":" The new fund aims to boost domestic capacities for strategic battery materials such as lithium, nickel, cobalt, manganese, and graphite.","text_display_homepage":false},"author_meta":{"display_name":"Bart Brouwers","author_link":"https:\/\/ioplus.nl\/archive\/author\/brewbart\/"},"featured_img":"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2023\/05\/brewbart_an_alliance_of_battery_producers_around_Europe_4k_e8ecb591-94a9-4eec-b47a-97333dc6d2ce.png","coauthors":[],"tax_additional":{"categories":{"linked":["Sustainability<\/a>"],"unlinked":["Sustainability<\/span>"]},"tags":{"linked":["battery magazine<\/a>","Demeter<\/a>","EBA<\/a>","EIT InnoEnergy<\/a>"],"unlinked":["battery magazine<\/span>","Demeter<\/span>","EBA<\/span>","EIT InnoEnergy<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 2 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on January 19, 2024","modified":"Updated on January 19, 2024"},"absolute_dates_time":{"created":"Posted on January 19, 2024 9:00 am","modified":"Updated on January 19, 2024 9:00 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/468362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/1568"}],"replies":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/comments?post=468362"}],"version-history":[{"count":0,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/468362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media\/495146"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=468362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=468362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=468362"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=468362"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/article_type?post=468362"},{"taxonomy":"serie","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/serie?post=468362"},{"taxonomy":"archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/archives?post=468362"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=468362"},{"taxonomy":"reboot-archive","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/reboot-archive?post=468362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}