Energy storage

Verkor

Batteries. Now. For the future.

Relevant markets

Battery industry Transport & mobility

Status

Pilot

Commercialised by

Verkor

Grenoble, Isère, France

Rue Charles Berthier 2-4, 38000 Grenoble, Isère, France, France

Sustainable developement goals

Batteries. Now. For the future

Verkor, a French industrial company, is set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and the GROUPE IDEC. The new venture will accelerate the production capacity of low-carbon batteries in southern Europe to meet growing demand for electric vehicles and stationary storage. Production in Verkor’s first Gigafactory is scheduled to begin in 2023, with a capacity of 16 GWh of battery cells which will increase to 50 GWh in line with market dynamics. The facility will require an initial investment of €1.6bn and will create more than 2,000 direct jobs while supporting thousands more in its supply chain and ecosystem. The search for 200+ hectares of land is already underway.

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The need

The battery-driven electric vehicle market will expand significantly over the next few years given stricter EU legislation on CO2/km emissions, lower total cost of ownership of EVs and improved customer experience. In southern Europe, some 100 to 170 GWh of battery cells will be required by 2030.

The solution

Founded in July 2020, Verkor is a French industrial company based in Grenoble. The company is accelerating the production of low-carbon batteries in France and Europe to meet the growing demand for electric vehicles, electric mobility in general, and stationary storage in Europe. Verkor will open its fully digital 4.0 pilot line in 2023. A model of excellence, competitiveness and resource efficiency, its innovation will be integrated into the Gigafactory planned for 2024.

The value proposition

An attractive business model in terms of agility, sustainability and governance.
The best talent in the field; a strong, agile team grows to meet new challenges.
Brings together the best partners to localise the entire value chain in Europe, ensuring optimal use of skills and resources.
Verkor is supported by EIT InnoEnergy, IDEC Group, Schneider Electric, Capgemini, Renault Group, EQT Ventures, Arkema, Tokai COBEX, Demeter-managed FMET, Sibanye-Stillwater, Plastic Omnium and Bpifrance.