Startup plans new lithium-ion battery gigafactory

May 23, 2017 //By Graham Prophet
Startup plans new lithium-ion battery gigafactory
German startup TerraE in Frankfurt am Main is planning a large-scale production facility for lithium-ion cells in Germany.

This would be the third such 'gigafactory' in Europe with BMZ, Europe’s leading manufacturer of industrial battery modules, and Samsung SDI building their own such plants in Germany and Hungary.  

BMZ is one of the backers for TerraE, along with Dr Ulrich Ehmes, former CEO of Swiss battery manufacturer Leclanché, and Holger Gritzka, until now a manager at engineering and system provider Thyssenkrupp System Engineering, who will also take over the management.

The aim is to gradually build up production capacity of up to 34 GWhr/year by 2028. The business model will be that of a foundry, similar to the practice in the semiconductor industry. The focus is on industrial and electromobility markets, that will be addressed with different cell formats. Financing is to be secured through industrial partners as through well as financial investors. Discussions are ongoing with partners in other European countries.

The production concept, the proposers say, is based on results which have been obtained in the course of the “Giga-LIB” project supported by the BMBF, the German federal ministry of education and research.

The initiative emerged as part of the German “KLiB” competence network for lithium ion batteries, to which 45 companies and institutions belong.

Fore more information see www.terrae.com

Holger Gritzka, CEO; holger.gritzka@TerraE.com

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