Extremadura will have the first lithium battery factory in southern Europe: an investment of 400 million euros to produce up to 10GW
Badajoz will have the first lithium ion battery factory in Spain. The Phi4Tech company will be in charge of starting up this factory that will be located in the 600,000 square meter polygon of the Southwest European Logistics Platform. In total, this is an initial investment of 80 million euros with which it is intended to create up to 500 direct jobs.
The Minister of Industry, Reyes Maroto, has announced that Extremadura will have this first factory, which will arrive in parallel with the factory near Martorell promoted by SEAT. The objective is take advantage of the Lithium Iberia project to exploit the Las Navas lithium mine and a possible exploitation of the Cañaveral mine from 2023.
A large battery factory to take advantage of the lithium of Extremadura
During the forum ‘The Mobility of the Future’ organized by the ‘Spanish Association of Manufacturers and Automobiles and Trucks’ (Anfac), the minister confirmed the launch of what is classified as “the most advanced” and where one of the key factors is the “Lithium availability in Extremadura”.
🔋The minister @MarotoReyes has assured that Phi4Tech will shortly present a comprehensive energy storage project in Extremadura that includes the first battery cell factory in Southern Europe.
🗣️ “The Government’s commitment to the sector is beginning to bear fruit.” pic.twitter.com/vwl0X5uvZW
– Ministry of Industry, Commerce and Tourism (@mincoturgob) March 24, 2021
The factory will have a final capacity of 10 gigawatts, planned modularly in 5 modules of 2GW. The first of them would be inaugurated a year and a half after the start of the works, which will take place during this first quarter of 2021.
Phi4Tech estimates are to reach 6GW in 2024. Initially the works will require an investment of 80 million euros and the total cost of the battery factory will amount to 400 million euros, according to those responsible.
Phi4Tech is a group of nanotechnology research and development companies. His proposal for the Extremadura plant goes through create a “latest generation battery and supercapacitor hybrid” made in Spain. According to the company, this battery will support charges in 6 minutes and up to 30,000 life cycles.
The Extremadura battery plant is part of the first Strategic Project for Economic Recovery and Transformation (PERTE). One of the actions with which the government intends to capture part of the aid from European funds.