The Valencian Alliance for Batteries, a project promoted by the Generalitat in which 23 companies, will require a investment of 2,000 million euros and will generate 30,000 jobs. This was stated yesterday by the president of the Consell, Ximo Puig, in the presentation of this initiative, which includes the creation of a research center and a battery production plant. The project, led by Powers Electronics, aims to lead the ecological transition towards sustainable mobility.
The City of Arts and Sciences of Valencia welcomed the launch of this alliance, a public-private collaboration initiative that has been working on for two years. As announced, in the coming weeks the agreement to establish the research center, baptized as Valencian Element, which was born with the aim of becoming an international benchmark in energy storage solutions, and which will have the support of the Generalitat and the participation of the Institute of Molecular Science of the University of Valencia, the Institute of Energy Technology, and the Power Electronics company.
As Puig explained, Element Valencià and the gigafactory will become a reality through a joint investment of 2,000 million euros, which will result, according to the forecasts that are managed, the generation of 30,000 jobs. The contribution to the growth of the Valencian Gross Domestic Product (GDP) will be 2,500 million euros per year.
The president stressed that energy storage will be a “key element” in an economy based on renewable energy, as well as in the transition towards new sustainable mobility, especially in the automotive sector, but also in maritime and rail transport.
The Valencian Alliance for Batteries is the pillar on which all the actions of the Community will be based to have a battery manufacturing factory, as well as the future technological development of this type of elements.
The project aims to receive funding from the European Union. Not surprisingly, it is one of the largest initiatives presented to the expressions of interest called by the Government to define how the funds will be distributed. fondos del Next Generation. From the outset, it has the backing of the central Executive, as was shown in the same act by the Secretary General for Industry of the Ministry, Raúl Blanco, who, after highlighting the strategic importance of the initiative, stressed that the aforementioned community program, Through which Spain will receive 140,000 million euros, “represents an exceptional financing opportunity.”
For his part, the Minister of Economy, Rafa Climent, from whose department the project was born, explained that the automotive sector is one of the strategic sectors of the Community, and “given that it is undergoing a qualitative change, due to the emergence of the electric vehicle, it is time to face new challenges and opportunities, such as batteries, which can become a key component for its competitiveness in the context of the green transition.
David SalvoCEO of Power Electronics, expressed the desire to consolidate Spain “as a world leader in energy” through this initiative. “Having a business project of this magnitude means ensuring the future of the automobile industry in Spain, but also responding to new mobility formulas, from rail to ships, passing through new vehicles such as hyperloop”.
The Astondoa de Santa Pola shipyards take part in the initiative
Astondoa shipyards, with headquarters in the port of Santa Pola, are the only company in the province of Alicante that participates directly in the Valencian Alliance for Batteries presented yesterday. The remaining 22 companies are related to the energy, rail, automotive and maritime transport sectors. It is, specifically, Power Electronics, the company that leads the project, as well as Ford, Stadler, Iberdrola, Zeleros, Ube, Gev, Idom, Ampere Energy, Nutai, Grupo Segura, Endurance, Facil, Grupo Gimeno, Grupo Valautomoción , Inelcom, Mess, Infamol, Itera, Meltecno, Witrac and Torrecid.
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.