ING Corporate Investments is pleased to announce its equity investment in Verkor, the French champion of battery cell manufacturing aiming to scale up the production of batteries for Electric Vehicles and Battery Energy Storage Systems. Verkor has secured more than €2.8 billion in financing following the signing of a c. €800 million Series C funding round, a financing package of c. €1.4 billion provided by the European Investment Bank and several commercial banks and the granting of French subsidies of c. €659 million. This financing will accelerate: - the construction of Verkor’s first gigafactory in Dunkirk, and the manufacturing of high-performance low-carbon battery cells, - ongoing technological developments at the Verkor Innovation Centre (VIC) for new manufacturing technologies and new state-of-the-art products, - strategic investments across the battery value chain, thereby generating thousands of direct and indirect long-term jobs. Verkor’s gigafactory will have an initial production capacity of 16 GWh/year. Situated in the Port of Dunkirk, the gigafactory is expected to be operational by 2025 and will create around 1,200 direct and 3,000 indirect jobs. This facility makes Verkor a partner of mobility and stationary storage players by providing European high-performance and low-carbon batteries to facilitate their energy transition. We are excited to partner with all stakeholders to support Verkor in realising its growth ambition. Mark Weustink, Oscar Piepers, Tijmen Swuste & Max Welling Alexander De Haan
#VerkorNews [EnerSys and ING Sustainable Investments made equity investments in Verkor] ING Sustainable Investments, part of leading European banking player ING Group, and EnerSys, a world leader in energy storage solutions for industrial applications, have both made equity investments in Verkor. "The arrival of ING Sustainable Investments and EnerSys in our capital confirms Verkor's attractiveness. As a company fully committed to the development of a sector and a player in a competitive, low-carbon industry, we are delighted to be able to count on the ongoing support of a broad ecosystem of public and private partners." Benoit Lemaignan, CEO of Verkor. Press release available here: https://lnkd.in/dECzaXwJ - [EnerSys et ING Sustainable Investments investissent dans Verkor] ING Sustainable Investments, filiale du grand groupe bancaire européen ING, et EnerSys, leader mondial des solutions de stockage d'énergie pour applications industrielles, font leur entrée dans le capital de Verkor. « L'arrivée d’ING Sustainable Investments et de EnerSys dans notre capital confirme l’attractivité de Verkor. Pleinement engagés dans le développement d’un secteur compétitif et bas-carbone, nous sommes ravis de pouvoir compter sur le soutien continu d’un écosystème large de partenaires publics et privés. » Benoit Lemaignan, PDG de Verkor. Communiqué de presse accessible ici : https://lnkd.in/dBea4wbQ #batteries #gigafactory #mobility