Taiwan's ProLogium to Construct Solid-State Battery Gigafactory in Europe

Sep 6, 2022 02:24 PM ET
  • ProLogium states that the financial investment in the new manufacturing facility will complete $8 billion over the following decade; therefore developing countless highly-skilled jobs.
  • Accuracy is looking for sites in 13 European markets including France, Germany, UK, Poland and also Netherlands.

Taiwan-based solid-state batteries manufacturer ProLogium has assigned Accuracy-- an independent financial and tactical consulting company-- to suggest on the area of its very first major Gigawatt-hour (GWh) battery manufacturing facility in Europe as well as to work with its global development team.

The main statement of ProLogium states that the financial investment in the new manufacturing facility will amount to $8 billion over the following decade. The factory is expected to be one of Europe's most significant gigafactories, with a three-phase building and construction as well as ultimately an annual capacity target of 120 GWh when the 3rd phase is completed.

Accuracy says the competitors between European countries to protect ProLogium's manufacturing facility has been intense. Both the building and operation of the gigafactory are expected to produce significant economic advantages for the chosen area, developing hundreds of highly-skilled jobs both at the plant itself and within the supply chain.

ProLogium is seeking its very first abroad site for manufacturing of next-generation solid-state batteries in Europe or in U.S.A. due to the exponential growth sought after for electric vehicles over the following years. In Europe, the firm has started an expediency study for prospective sites consisting of places in France, Germany, the Netherlands, Poland as well as the United Kingdom.

Vincent Yang, Chairman and CEO, ProLogium Technology, said, "For many Asian firms proactively travelling, among the keys to success is a strong foundation rooted in strategic preparation. Site option calls for not just the right modern technology and also options for that market, however also in-depth expertise of neighborhood market demands as well as patterns. That's why we've picked Accuracy as our consultant for among our essential landmarks."

Phase-Wise Technique

Accuracy's suggestions to ProLogium entails comprehensive evaluation in two phases. Phase One considers shortlisting over 90 sites across the 13 European markets, determined based on the area's swimming pool of knowledgeable work, existing electric vehicle ecosystem and also supply chain, access to transfer networks, accessibility to renewable energy resources, energy safety as well as incentives available.

In Phase 2, Accuracy embarks on a detailed economic evaluation of each site including sensitivity analysis to recognize influence to profitability for every site. One result of discussions with different European companies is that numerous European markets have actually currently alloted sites for gigafactories. This has led to competitors occurring between states and also regions to use the most appealing site.

The Taiwanese firm states that it has actually currently delivered more than one million cells for customer electronic applications. It has actually currently begun testing and qualification procedures with crucial international car OEMs by delivering nearly 8,000 EV battery cells.

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