Fenecon breaks ground on battery factory in Bavaria
- German energy storage developer Fenecon GmbH has begun the building and construction of a manufacturing facility in Bavaria for the manufacturing of power storage options from used vehicle batteries.
The groundbreaking event took place on Friday, the firm claimed.
Situated in the district of Iggensbach, southern Germany, the manufacturing facility will certainly start producing industrial storage systems at the end of 2023.
The brand-new complicated will certainly consist of an office complex, a manufacturing plant and also a warehouse.
The CarBatteryReFactory, as the project is known, is funded with EUR 4.5 million (USD 4.66 m) by the EU Innovation Fund as well as EUR 1.7 million by the Bavarian Economic Development Agency. Added funding originated from a crowdfunding campaign that occurred in June.
The new factory will certainly aid Fenecon scale the manufacturing of commercial energy storage space systems. The firm has been manufacturing storage space systems from electrical vehicle batteries because 2017 as well as small-series production is currently happening at the Kuenzing plant in Bavaria yet large-series manufacturing will be launched at the site in Iggensbach.
Fenecon is experts in residence, business and also industrial energy storage space services. It was founded in 2011 by Franz-Josef Feilmeier who is the majority owner of business with an 81% risk.
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