The global battery market is expected to reach 4500GWh by 2030. A key challenge of the storage industry is keep costs competitive despite the rapid increase in price of critical raw materials (cobalt, nickel, lithium), while also ensuring the sustainability of the battery production process.
ElevenEs has developed the first LFP (lithium iron phosphate) battery cell in Europe. An industrial spin-off of the Al Pack Group, the company is located in Serbia, the only European country with a sufficient resource of raw materials to support large-scale battery production. Giga-scale production is planned in 2025 based on local sourcing and 100% renewable energy. The factory is set to reach 64GWh capacity by 2029, including a fully integrated active materials production plant.
We redefine energy storage principles, empower people to explore the unknown, envision new possibilities and make ecological decisions. Energy is what we store in our batteries and release within our organization.