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Elevenes Receives Investment And Support From Eit Innoenergy To Build A Battery Gigafactory Near Serbia'S Lithium Deposit

Oct 21, 2021•over 3 years ago
Subotica

Description

By 2030, Europe will need 14 times more batteries than it produces today. This is due to the growth of electric mobility and the energy storage market, which requires batteries to stabilise energy systems, especially given the growing share of renewable energy. Therefore, Lithium Iron Phosphate (LFP) batteries, which combine the advantages of long life, affordability and safety, are gaining an increasingly stronger position in the rapidly growing battery market.

Company Information

Company

Eleven Es

Location

Subotica, Vojvodina, Serbia

About

ElevenEs is an industrial spin-off of the multinational Al Pack Group, which produces more than 40 million m2 of processed aluminium foils every year and has been operating on the packaging market for 25 years. The Al Pack Group uses processes similar to electrode manufacturing, which is a key process in battery production. ElevenEs has an advanced research and development centre that has been operating since June 2021 in Subotica, Serbia, on the premises of its parent company. It employs an international team of engineers and scientists. www.elevenes.com