ItalVolt to turn Olivetti site into battery gigafactory

September 10, 2021 // By Nick Flaherty
ItalVolt to turn Olivetti site into battery gigafactory
ItalVolt has signed a deal to build a €4bn battery gigafactory on the site of the Olivetti computer factory in northern Italy

ItalVolt has signed a deal for 1m sq m in Scarmagno in Northern Italy to build a battery gigafactory with a capacity of 45GWh.

The 300.000 m2 gigafactory near Turin will be designed by Italian design house Pininfaria and would have the 12th largest footprint in the world. This will also include a 20,000 sq m battery R&D centre. “Our next step is to obtain building permits by the beginning of 2022 so work can begin in the second half of the year,” said the company. The aim is to have the plant in production in 2024.

Stellantis, the automotive group that includes Fiat, also based in Turin, is also planning to build a series of battery gigafactories across Europe. 

"The area that hosted the historic Olivetti will come back to life in the following months with a new industrial project focused on the business of electric mobility, which today presents itself as a highly strategic and innovative sector, just as Olivetti was in the 1960s in the IT sector,” said Patrick Del Bigio, CEO of property firm Prelios Sgr that owns the land (above left).

The Olivetti plant was built in 1964 to make desktop calculators and made hundreds of thousands of PCs as part of a joint venture with AT&T of the US. It also included R&D labs and an EMC test chamber. Olivetti became part of Telecom Italia in 2003 and was spunout as a subsidiary in 2005, and now has a focus on office equipment and the Internet of Things as part of TIM. One of the buildings on the site was severely damaged by fire in 2013.

“The industrial heritage of the site remains intact with important socio-economic developments that will derive from the focus on green industrialization,” said Del Bigio. “With this focus, Prelios

Lars Carlstrom, CEO of ItalVolt (above centre), signs the deal for the former Olivetti site

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