Eurocell is in the final stages of discussions to build the first European gigafactory in the Netherlands

Eurocell, the Anglo-Korean next-generation battery company, has confirmed that it is in advanced discussions to build its first European gigafactory in the Netherlands, supplying battery cells to the energy storage and e-mobility ecosystem across the continent.

Eurocell intends to build its new gigafactory in two phases, reaching full capacity as early as 2025. In the first phase, advanced battery cells will be produced at scale for existing European customers by early 2023. A second phase, potentially at the same site, will be capable of producing more than 40 million cells per year by 2025.

Representing an initial investment of $800 million, which will grow to $2 billion by 2028 to support Europe’s fast-growing energy storage market, the Gigafactory will create hundreds of direct and indirect jobs, transferring vital skills from Korean battery experts and stimulating the economy in this strategic sector, which is crucial to the net zero ambitions of the Netherlands and Europe.

Eurocell will produce “production-ready” technology in just 12 months, much faster than other gigafactories, using its proven battery that has been tested and validated for large-scale production.

Nick Clay, Chief Commercial Officer of Eurocell EMEA, “In its climate policy, the Netherlands outlines its ambition to lead Europe in the fight against global warming with a comprehensive strategy to reduce emissions across industries.”

“With plans for rapid expansion in Europe, Eurocell is encouraged by the positive cooperation we have had with both the Dutch government and the investment and development agency NOM for the Northern Netherlands over the past few months. As we enter the final stages of discussions, we are confident that we will be able to confirm the exact location of our first European gigafactory in the near future.”

Eurocell batteries were developed in Korea, they also have a significant technical advantage as they last more than ten times longer than conventional lithium-ion cells, making them much more sustainable, with no end-of-life issues and ideal for ESS applications. Given that also 100% safe.