Basquevolt, the Basque solid-state battery initiative, will begin production of battery cells in 2027 with the aim of reaching 10GWh capacity, after its creation was signed today.
This is one of the main objectives set out in Basquevolt's articles of association, which include as founding shareholders the Basque Government, through the venture capital fund Ezten,
After two years of intense work and maximum discretion, Basquevolt is now a reality that will make the Basque Country a European benchmark in the development of solid-state batteries.
The experience of the companies that make up the initial group of investors ensures that Basquevolt is in a very important competitive position both in the battery race, where there are also important opportunities for collaboration, and in the storage industry, which is key to making progress in the energy transition.
Basquevolt begins its journey of starting up the first production line within 4 years, supported by an investment of more than
The first phase of Basquevolt will be based at the
The promoters of Basquevolt are aware that liquid electrolyte lithium batteries are reaching maturity and that the next technological breakthrough to truly unlock the true potential of energy storage must come from the solid state. The company's initial targets are the development of prototype cells and a pilot production line in 2025, with the ambition to start production in 2027.
Solid-state battery technology is the only battery technology that meets the most demanding requirements of the automotive sector in terms of performance, which is why it is becoming the strategic focus of the automotive industry. The advantage of solid-state batteries over liquid batteries is that they allow better efficiency, longer life and less wear and tear when recharging. Thanks to its technology base, Basquevolt aims to become the European leader in solid-state batteries.
Specifically, Basquevolt aims to develop - in a sustainable way - the best materials and battery cells to enable the mass deployment of electric transport, stationary energy storage including hybridisation with hydrogen-gas systems and advanced portable devices.
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