ElevenEs to build 'Europe's first lithium iron phosphate gigafactory' in Serbia backed by EIT InnoEnergy
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The planned '100% renewable energy powered gigafactory will be first LFP plant in Europe'. Operations started at an advanced R&D; facility (inset) earlier this year. Images: ElevenEs
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Serbia-based ElevenEs is to build a 16 GWh lithium iron phosphate (LFP) battery gigafactory in the country under agreements signed with European Union-backed sustainable energy investor, EIT InnoEnergy.
ElevenEs, which is an industrial spin-off from aluminium packaging manufacturer, Al Pack Group, said the "100% renewable energy powered” plant will be the first LFP gigafactory in Europe – and built near the Jadar Valley lithium deposit.
Investment details were not disclosed, but ElevenEs confirmed that construction of the initial 8 GWh phase of the project is expected to start in 2024 – later expanding to 16 GWh – which the company said was enough to equip more than 300,000 battery electric vehicles each year.
ElevenEs has been conducting research into LFP battery tech since October 2019. Since last June, the company has been operating an advanced research and development centre in Subotica, Serbia, where it employs an international team of engineers and scientists.
The company said it has developed its own technology to produce LFP batteries "that are more sustainable and efficient”.
Company founder and CEO Nemanja Mikać said: "LFP cells last more than twice as long as competing chemistries, they can be recharged up to 6,000 times, charge faster, can be repeatedly charged to 100% state-of-charge and cause practically no fires in EVs.”
EIT InnoEnergy Central Europe CEO Jakub Miler said: "LFP batteries are the next big thing on the battery landscape. Although nickel-based batteries outperform LFP on energy density and are likely to remain the best option for performance cars, LFP is far better in terms of cost, safety and lifetime, making it a perfect choice for industrial, energy storage systems and city EV (shorter range) applications.”
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ElevenEs, which is an industrial spin-off from aluminium packaging manufacturer, Al Pack Group, said the "100% renewable energy powered” plant will be the first LFP gigafactory in Europe – and built near the Jadar Valley lithium deposit.
Investment details were not disclosed, but ElevenEs confirmed that construction of the initial 8 GWh phase of the project is expected to start in 2024 – later expanding to 16 GWh – which the company said was enough to equip more than 300,000 battery electric vehicles each year.
ElevenEs has been conducting research into LFP battery tech since October 2019. Since last June, the company has been operating an advanced research and development centre in Subotica, Serbia, where it employs an international team of engineers and scientists.
'Perfect choice'
The company said it has developed its own technology to produce LFP batteries "that are more sustainable and efficient”.
Company founder and CEO Nemanja Mikać said: "LFP cells last more than twice as long as competing chemistries, they can be recharged up to 6,000 times, charge faster, can be repeatedly charged to 100% state-of-charge and cause practically no fires in EVs.”
EIT InnoEnergy Central Europe CEO Jakub Miler said: "LFP batteries are the next big thing on the battery landscape. Although nickel-based batteries outperform LFP on energy density and are likely to remain the best option for performance cars, LFP is far better in terms of cost, safety and lifetime, making it a perfect choice for industrial, energy storage systems and city EV (shorter range) applications.”
Related articles in our archive: