VARTA AG, a battery manufacturer and provider of energy solutions, has been able to secure financial backing by the Federal Ministry for Economic Affairs and Energy (BMWi) in Germany for the further development of lithium-ion technology.
In previous years, VARTA has already invested heavily in its lithium technology for improved battery performance. With the growing demand for batteries, VARTA has set its next milestone in research and development of silicon-based anodes. Ultimately, the new technology should be transferable into mass production for all battery cell formats.
The European Union gave the green light for financial support of the projects through BMWi in Germany. Battery systems are regarded as key element of technological development, particularly with regards to transport systems. Advancements in battery cells and production are classified as Important Project of Common European Interest and as such granted with funding to ensure Europe’s competitive abilities in this field.
Herbert Schein, CEO of VARTA AG, commented: “We are delighted that our project concept has resonated so well. In the coming years, VARTA AG is set to continue to benefit from increasing demand for top quality lithium-ion batteries with the highest power density over the coming years. To this end, our aim is to further develop our lithium-ion technology in targeted fashion to meet these specific demands, with a particular focus on integration within production processes.”