TerraE Holding Joins 17 Firms and Researchers for Lithium-Cell Gigafactory in EU
FRANKFURT, Germany – The times of a giga battery factory being only associated with Tesla will soon be over. At least this is the intention of the newly founded TerraE holding company which is to set-up a lithium-cell production facility in Germany which is typified as ‘Gigafactory’. For this the holding company has officially been established in Frankfurt am Main, Germany by a broad consortium of 17 companies and research institutes.
Exploding demand forecasted
Since May more companies has joined this initiative as an exploding demand for battery cells is forecasted and because currently all battery cell production is based in Asia. Battery experts like BMZ CEO Sven Bauer identify this as a strategic gap strategic in supply which in the near future will only widen due to the automotive industry switching to electric cars and buses. Also other applications such as energy storage systems are on the rise because of the transition to green energy.
Consortium TerraE Holding
TerraE Holding GmbH is now formed by a consortium which joins 17 companies and research institutes. TerraE is to take over the planning for the construction of a large-scale production of lithium-ion cells at two sites in Germany. According to a statement from TerraE, the consortium’s companies are part of the entire value chain, including infrastructure manufacturing planners, material manufacturers, mechanical engineering, cell manufacturers and industrial end customers. This is recently reported on the website for solar-technology ‘photovoltaik’.
Various lithium-ion cells formats
With the two TerraE facilities it will be possible to produce lithium-ion cells in various formats, including the newest 21700 cells. Customers will be able to order cells according to their specifications. The first talk with customers have been initiated by TerraE. These customers come from a wide variety of industries and sectors; from e-bikes up to forklifts and public transport buses.
Both lithium-ion cell producing facilities will be built and operated by TerraE. The company intends to increase the battery cell production capacity step by step in the years ahead. According to the company statement they want to establish a total output: “up to 34 GWh per year by 2028”.