| Project Detail |
The project concerns a demonstration plant to produce silicon anodes through a coating process. GDI, the promoter, will build the production plant at the equipment suppliers facility in Lauenförde (Germany). Silicon-based anodes are known for their high energy density and faster charging times, making them a sustainable alternative to graphite in lithium-ion batteries.
Additionality and Impact
The project is in line with the InvestEU objective to finance strategic investment in the area of the green transition through demonstration projects of related technologies.
The project is eligible under Article 309 point (c) Common interest, and qualifies under the Banks Innovation; Digital and Human Capital" public policy goal.
The promoter (GDI) plans to scale up a production process to produce silicon anodes in Lauenförde (Germany). The silicon anodes offer significant advantages in terms of specific capacity and charging speed compared to current anode technology.
The project addresses several market failures related to financing of a small, innovative, high-growth company.
The project has positive climate externalities as it contributes to decarbonisation of the transport sector.
EIB is providing a substantial amount of senior financing to the Project, with a catalytic role, expected to crowd in other financiers. With the EIB participation, the Promoter will be able to diversify its funding sources and likely improve its financing conditions.
The project would not have been carried out (to the same extent) by the EIB without the InvestEU support.
Objectives
The aim is to deploy a demonstration plant to produce silicon anodes through a coating process. Silicon anodes allow faster changing and higher specific capacity batteries. The facility will be located at the AGC Interpane site in Lauenförde (Germany) and will be used to validate samples for use in the EU automotive sector.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 42 million |
